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Middletown MHP 122 State St

9 Unit Mobile Home Park $598,000 ($66,444/Unit) 7.75% Cap Rate Middletown, PA 17057

Mobile Home & RV Parks Pennsylvania Middletown 122 State St, Middletown, PA 17057

Investment Highlights

  • Lg play area
  • condition is good
  • neighborhood friendly

Executive Summary

Great opportunity in Middletown to own a 7-trailer mobile home park plus a 2-unit apartment building. All the mobile homes are owned and will convey with the sale of the property, except for one that is tenant-owned. This well-kept property has a lot of potential and includes 6 owned mobile homes, 1 pad rental, and a 2-unit building. Flood insurance is required. Don't miss out on this charming mobile home park with great investment potential!

Attachments

122 State Street, Middletown

Property Facts Under Contract

Price $598,000 Apartment Style Low Rise
Price Per Unit $66,444 Lot Size 0.49 AC
Sale Type Investment Building Size 21,344 SF
Cap Rate 7.75% Average Occupancy 100%
Sale Conditions
Ground Lease (Leased Fee)
  • Bulk/Portfolio Sale
  • Lease Option
 No. Stories 2
No. Units 9 Year Built/Renovated 1975/2022
Property Type Multifamily Parking Ratio 0.42/1,000 SF
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Price $598,000
Price Per Unit $66,444
Sale Type Investment
Cap Rate 7.75%
Sale Conditions
Ground Lease (Leased Fee)
  • Bulk/Portfolio Sale
  • Lease Option
No. Units 9
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Low Rise
Lot Size 0.49 AC
Building Size 21,344 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1975/2022
Parking Ratio 0.42/1,000 SF

Unit Amenities

  • Heating
  • Ceiling Fans
  • High Speed Internet Access
  • Carpet
  • Yard
  • Deck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 9 - -
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zoning

Zoning Code R-1 (residential)
R-1 (residential)
(717) 587-2481

Contact

  • Listing ID: 32715592

  • Date on Market: 8/7/2024

  • Last Updated:

  • Address: 122 State St, Middletown, PA 17057

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Middletown MHP | 122 State St
(717) 587-2481 x

Middletown MHP | 122 State St

Jake Fisher

(717) 587-2481

(717) 587-2481

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