Mobile Home Park For Sale,14% Return on Money! Trailer

Take a look at this return!! A 14% Return on your Money!! Not A Misprint!

PLEASE DO NOT APPROACH TENANTS. THEY DO NOT KNOW PARK IS FOR SALE!!

NET INCOME OF $45,000 PER YEAR!!!

Forest Hills Mobile Home Park

6753 Route 59

Lewis Run, Pa 16726

Purchase Price: $325,000

Total Pads                                24

Currently Renting                      19

Tenant Owned Homes 14

Park Owned Homes                 5

Pad Rents (14)                         $195

Park Owned (5)              $425-$525

Acres                                       12+

Water – Public  ( New Lines put in  4 Years Ago)

Sewer – Public  ( New Lines put in  4 Years Ago)

Park Has Natural Gas to all tenants

Monthly Gross Income $5275 x 12

Yearly Gross Income                $60,900

Expenses                                  $15,700

Net Income                              $45,200

Expenses

Taxes                                       $3,450

Insurance                                  $1,189

Water                                       $5,415

Sewer                                      $1,546

Electric                                     $   0

Repairs & Miscellaneous          $2800

Snow Removal                         $800

Lawn Care                               $500

Total:                                        $15,700

Park is located just south of Bradford, PA.  This area draws 1,000's a year for it's Hunting, Fishing, snowmobiling, and beautiful Mountain Ranges. Even though a rural area, Bradford is the home of the Zippo Lighter Factory, which manufactures lighters and distributes worldwide, Bradford Regional Airport, which Continental Airlines Has fights to and from daily. Also, the Army has just built an Army National Guard Stryker Brigade Combat Team Readiness Center next to the Regional Airport. More development is taking place in this area, as more and more people are moving into this area. Combined with its beautiful countryside, and inexpensive cost of living, makes this area an attractive place to reside. In between Pittsburg, PA and Buffalo, NY.

Water & Sewer Lines Replaced 4 Years Ago by the municipality. All city utilities!!

Property is Expandable by 15 More Lots; Approvals are in Place & Sites are Ready to be Built

On-site Management in place for ease of ownership.

Partially Paved Roads, Mostly Gravel

Included In Purchase

40x25 Storage Building

Property is expandable by 15 more lots.  Water and Sewer mains are in place. The demand in the area is there for more Housing.

All 5 park-owned mobiles are transferred with the sale.  All 5 park-owned homes are in very good condition., and fully rented.

Infrastructure is PVC Schedule 40 for water and sewer lines.

Repairs & Maintenance expense are for parts, skirting, repairing water & sewer lines, equipment, new carpet for park owned homes, paint, light fixtures, any repairs or maintenance.

Water is not individually metered.  New owner could individually meter the park and change the expense to the tenants, thus creating more income.

Rents are too low and could be raised.

Owner just recently built new mailboxes for the park.

Owner does not own the mineral rights to the property, the local gas company does.

NO Seller Financing is available for this property.

Owner is Moving south to operate a new business, and is selling off all of his Assets. That is the only reason the Park is For Sale. Most of the tenants are long term renters that have been in the park 10+ years. None of the tenants or pads are daily or weekly rentals. All are on a monthly basis, with signed leases.

All of the income rent roll is current. Does NOT include the potential rent from the additional 15 sites that can be added or the 6 spaces that are currently vacant. The 6 spaces that are vacant have all utilities, waster/sewer lines to each pad. Trailers could be placed in those spots today!!

In this day and age, you can put your money in a bank and get a return of 1%. You can buy stocks in a company that today that the government might take over tomorrow. Or, you can take advantage of a real estate market that we may never see again in any of our lifetimes, and invest now!! Mobile Home Parks are not going anywhere, A sound Investment!! And with the economy the way it is right now, affordable housing is in strong demand!! Please email with any questions. Again, pleas refrain from speaking to tenants, as the sale is confidential.

I have added pictures of the cleared land where the additional 15 lots would be placed.