Five year projected ROI of 725k (85%) for investors with loans and almost 915k (107%) for those buying outright. Lots are well below market and water/sewer are not yet billed back. 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 homes are not park-owned, ensuring steady returns with minimal expenses. A comprehensive list of reliable vendors who service the park will be provided to ensure seamless management transition day one. Recent infrastructure and property repairs 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 everything is working properly. 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 a substantial ROI. Grow your wealth by taking advantage of the overwhelming demand for afordable housing. More information including P&L, rentroll, pro forma, etc is available.
Pine Grove is located in Pennsylvania. Pine Grove, Pennsylvania has a population of 2,087. Pine Grove is more family-centric than the surrounding county with 27.96% of the households containing married families with children. The county average for households married with children is 21.71%.
The median household income in Pine Grove, Pennsylvania is $55,657. The median household income for the surrounding county is $57,785 compared to the national median of $69,021. The median age of people living in Pine Grove is 48.8 years.
The average high temperature in July is 84.2 degrees, with an average low temperature in January of 21.5 degrees. The average rainfall is approximately 46.2 inches per year, with 23.6 inches of snow per year.
