Fidler Court Mobile Home Park | Chapel Dr
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Fidler Court Mobile Home Park Chapel Dr
15 Unit Mobile Home Park $699,000 ($46,600/Unit) 7.06% Cap Rate Pine Grove, PA 17963
Investment Highlights
- Hands off Investment Property.
- Potential Increase In Park units with Municipality approval.
- Potential Rent Increases.
Executive Summary
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $699,000 | Apartment Style | Garden |
| Price Per Unit | $46,600 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.16 AC |
| Cap Rate | 7.06% | Building Size | 182,952 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1971 |
| Price | $699,000 |
| Price Per Unit | $46,600 |
| Sale Type | Investment |
| Cap Rate | 7.06% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.16 AC |
| Building Size | 182,952 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1971 |
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PROPERTY TAXES
| Parcel Number | 21-04-0005.002 | Total Assessment | $31,200 (2024) |
| Land Assessment | $25,835 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $5,365 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
21-04-0005.002
Land Assessment
$25,835 (2024)
Improvements Assessment
$5,365 (2024)
Total Assessment
$31,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Fidler Court Mobile Home Park | Chapel Dr
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