Chapel Dr - Manufactured Housing/Mobile Housing FOR SALE


Pine Grove, PA 17963
$699,000 USD
484-330-0185
Chapel Dr, Pine Grove, PA for Sale
$699,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/13
null | 7.91% Cap Rate

Chapel Dr
Pine Grove, PA 17963


HIGHLIGHTS

  • Hands off Investment Property.
  • Potential Rent Increases.
  • Potential Increase In Park units with Municipality approval.

OVERVIEW

Immediate forced appreciation of $180k+ ready for the next investor via infill and single lot increase. Lot rents are well below market and water/sewer are not yet billed to tenants. An additional $215k+ of forced appreciation is baked in over the next couple years as lot rents are brought to market. The community is located at 1 Fidler Court, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has two recently vacated lots with all utility hookups ready for new homes. The remaining 13 occupied lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expenses. The two currently vacant lots will be infilled over the next few months. When this happens, the sale price will increase. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one. Don't miss the opportunity to own this lucrative property with substantial appreciation primed. Grow your wealth by taking advantage of the overwhelming demand for affordable housing. Contact us today for more information including P&L, rent roll, etc.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$4 USD /SF

# OF UNITS

15

PRICE/UNIT

$46,600

CAP RATE

7.91%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fidler Court Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.16 AC

LAND SF

181,210 SF

ZONING

-

APN/PARCEL ID

21-04-0005.002

ASK ABOUT THIS PROPERTY

Mike DorneyWeichert RealtorsMore Info
484-330-0185

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Mike DorneyWeichert RealtorsMore Info
484-330-0185

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.