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 | 7.06% 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

Forced appreciation of $250k-$500k ready for the next investor. Lot rents are well below market and water/sewer can be billed back to tenants to increase cash flow and force sizable appreciation. FIDLER'S MOBILE HOME PARK is being sold to finance a larger project otherwise it would not be on the market. If the park doesn't sell soon it will be pulled from the market and refinanced so act now. The community is located at 0 Fidlers Ct, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has two recently vacated lots with 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 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 chance to own a lucrative piece of real estate with substantial appreciation primed. Whether you are an experienced investor or looking to start your investment portfolio, this property offers a unique opportunity to grow your wealth while 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

7.06%

% LEASED

100%

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.