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Mobile Home Park

Great Bend, PA (Susquehanna County)

Seller Financing Available
Mobile Home Park
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Asking Price: $500,000

Cash Flow: $45,700

Gross Revenue: $64,800

EBITDA: $45,700

FF&E: N/A

Inventory: N/A

Real Estate: $500,000

Established: 2008

Mobile Home Park

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Business Description

2 sets of 8 units in each set. Each set of 8 units is on 4 lots comprising 2 single wide units on each lot. Each set of 8 units has $3808/month net income. Offering price is for each set of units, NOT both. However, both sets can be purchased. All units are 2010 or newer and are built to residential building code standards and all units are park owned. Each unit has public sewer and there are 4 wells, each well services 2 homes. There is an additional lot 200 x 250 to expand for more homes with a 24 x 40 garage that is rented at $300/month and can be purchased at additional cost. Both sets of units plus additional lot can be purchased as a package for $1.1million. The street is paved and is dedicated to the town so there is no street maintenance or snow removal. The tenants take care of their own lawn maintenance and driveway snow removal. There is a very small amount of common area that the owner maintains and the cost is minimal.
Also, potential to purchase additional 8 duplexes (16 units)with valuable gas rights for $1.6million.

Detailed Information

Location:
Great Bend, PA
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Facilities:
no on site management needed.
Competition:
great rental area for affordable housing
Growth & Expansion:
additional lot included can expand for more units
Financing:
80% seller financing to qualified buyer
Support & Training:
need experienced operator
Reason for Selling:
retiring
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(from currently available funds)
 
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Mike Riccardi

Business Listed By:
Mike Riccardi

M. Riccardi Agency Inc.

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