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$ 2,350,000
Est. payment | /mo
8.4 Acres Lot
$ 2,350,000
Est. payment | /mo
8.4 Acres Lot
Key Details
Property Type Commercial
Sub Type Mobile Home/Campgrounds
Listing Status Active
Purchase Type For Sale
Lot Size 8.400 Acres
MLS Listing ID PALY2001998
Financing Cash,Conventional
Total Units 59
Short Sale No
Originating MLS BRIGHT
Property Description
Mobile Home Park Investment Opportunity – Cogan Station, PA
If you're looking for a stable investment with strong income potential, look no further! This 58-lot mobile home park in Cogan Station, PA, Lycoming Township, is offered at an 8.5% cap rate and features long-term tenants, making it a prime opportunity for investors seeking long-term growth.
The park currently has 35 occupied lots and 23 vacant lots, with a mix of tenant-owned homes (TOH) and park-owned homes (POH). Additionally, there's an on-site apartment with a garage that generates $500/month, adding to the consistent cash flow.
With a self-managed setup and minimal landlord responsibilities—tenants handle lawn care and snow removal—this property is easy to maintain. Tenants are also responsible for their own trash service.
Property Overview:
This property consists of 58 total lots, with 35 currently occupied and 23 vacant. The stable tenant base includes 23 tenant-owned homes (TOH) and 12 park-owned homes (POH). An on-site apartment with a garage generates $500 per month. The park is self-managed, with tenants taking care of lawn care and snow removal, and they also handle their own trash service.
Financial Highlights:
The total gross income for the property is $22,525 per month, or $270,300 annually. Estimated operating expenses are $54,410.76 per year, leaving plenty of room for strong cash flow and future growth potential.
Utilities & Infrastructure:
The park is supplied with well water, costing approximately $500 per month, which is managed by a well operator. City sewer service from the Williamsport Water Authority is $2,100 per month, and the pump house is powered by PPL, costing $200 per month. Tenants are responsible for lawn care, snow removal, and their own trash service.
Investment Highlights:
This property offers a stable income stream with a solid mix of tenant-owned homes and park-owned homes. It also benefits from city sewer service, eliminating the need for costly septic maintenance. The park is self-managed, making it a low-maintenance investment for the owner.
Upside Potential:
There is significant room for growth. Filling 23 vacant lots at $525/month ($12,075/month; $144,900/year additional income). Increase TOH lot rents to market rates ($2,265/month across all lots under $525; $27,180/year additional income).
Located in the R-S Zoning District of Lycoming Township, this mobile home park is grandfathered as a conditional use, ensuring it can continue to operate as it is.
Don't miss out on this amazing opportunity! Call today for more details or to schedule a tour!
If you're looking for a stable investment with strong income potential, look no further! This 58-lot mobile home park in Cogan Station, PA, Lycoming Township, is offered at an 8.5% cap rate and features long-term tenants, making it a prime opportunity for investors seeking long-term growth.
The park currently has 35 occupied lots and 23 vacant lots, with a mix of tenant-owned homes (TOH) and park-owned homes (POH). Additionally, there's an on-site apartment with a garage that generates $500/month, adding to the consistent cash flow.
With a self-managed setup and minimal landlord responsibilities—tenants handle lawn care and snow removal—this property is easy to maintain. Tenants are also responsible for their own trash service.
Property Overview:
This property consists of 58 total lots, with 35 currently occupied and 23 vacant. The stable tenant base includes 23 tenant-owned homes (TOH) and 12 park-owned homes (POH). An on-site apartment with a garage generates $500 per month. The park is self-managed, with tenants taking care of lawn care and snow removal, and they also handle their own trash service.
Financial Highlights:
The total gross income for the property is $22,525 per month, or $270,300 annually. Estimated operating expenses are $54,410.76 per year, leaving plenty of room for strong cash flow and future growth potential.
Utilities & Infrastructure:
The park is supplied with well water, costing approximately $500 per month, which is managed by a well operator. City sewer service from the Williamsport Water Authority is $2,100 per month, and the pump house is powered by PPL, costing $200 per month. Tenants are responsible for lawn care, snow removal, and their own trash service.
Investment Highlights:
This property offers a stable income stream with a solid mix of tenant-owned homes and park-owned homes. It also benefits from city sewer service, eliminating the need for costly septic maintenance. The park is self-managed, making it a low-maintenance investment for the owner.
Upside Potential:
There is significant room for growth. Filling 23 vacant lots at $525/month ($12,075/month; $144,900/year additional income). Increase TOH lot rents to market rates ($2,265/month across all lots under $525; $27,180/year additional income).
Located in the R-S Zoning District of Lycoming Township, this mobile home park is grandfathered as a conditional use, ensuring it can continue to operate as it is.
Don't miss out on this amazing opportunity! Call today for more details or to schedule a tour!
Location
State PA
County Lycoming
Area Lycoming Twp (15927)
Zoning RS
Interior
Hot Water Other
Heating Other
Cooling Other
Inclusions 12 park owned homes
Heat Source Other
1-purchase type For Sale
Exterior
Garage Spaces 118
Waterfront N
Water Access N
Accessibility None
Parking Type Driveway
Total Parking Spaces 118
Building
New Construction N
Sewer Public Sewer
Water Well
Schools
School District Williamsport Area
Others
Tax Amount $12,443
Tax Year 2024
Tax ID 27001600
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Special Sale Standard
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Listed by Brittani Snyder • Iron Valley Real Estate of York County
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