Five year projected ROI of $700k for investors with financing and almost $1 million for those buying with cash. Lot rents are well below market and water/sewer are not yet billed to tenants. The community is located at 1 Fidler Court, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has recently been infilled with two brand new homes (3 bed, 2 full bath). The remaining 13 lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expense. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one. Recent infrastructure and property maintenance in the amount of $55k have been completed in preparation for the sale. There are recently installed UV water filters on all three wells. There are brand new pressure tanks, new risers and lids on two wells. Septic systems were recently pumped and inspected and both minor recommendations have been addressed. Foundations have been poured and infrastructure relocated to accommodate the infill of two new homes. A number of trees have been felled that were within reach of structures and that posed a potential risk. Don’t miss the opportunity to own this lucrative property with substantial ROI ready for the next investor. Grow your wealth by taking advantage of the overwhelming demand for affordable housing. Contact us today for more information including P&L, rent roll, pro forma, etc.
