Northern Cambria, PA Mobile Home Park

General Information:

Projected Lot Rents: $300 for single wide and $350 for double wide
Projected Cap Rate: 19.27% – 23.10%
Projected Cash on Cash Return (loan purchase): 37.25%
Projected NOI (net operating income): $23,281 – $63,516
Location:
- 3.5 acres, situated in a rural yet accessible area, approximately ¼ mile off Highway 219, off Laurel Street in Northern Cambria, PA. Only mobile home park in town. Grandfathered in by the borough. No other mobile home park will be allowed per zoning code.
Size:
- Current: 15 total lots (all utilities ran), space for an estimated

- Expansion Potential:
  • Density: 7 units per acre max.
  • Lot width: 35 feet minimum.
  • Homes must be 20 feet apart, or 15 feet for end-to-end.

- Park Owned: there is one park owned double-wide that is included in the sale, this double-wide is currently being rented to $650 per month
- Two separate parcels
- Landscaping and snow removal taken care of by third party
- Unit Details:

- - Types of Homes: Single Wides and double-wides allowed.
  - Lot Rent Rates (current): $125 for single wide and $175 for double wide

- - Additional Space: Lots surveyed and utilities ran for nine more trailers. Sewer, water, and electric lines have already been put in.
Infrastructure:
- Piers or cement pads can be used
- Piers to be put in at an estimated cost of $3,000 – $6,000 per set

Tax Information:

Real Estate Taxes:
- Laurel Street (1 acre): $58.80 per 6 months and $56.35 per 6 months.
- 2.5 acres: $394.45 for real estate and school taxes.
- Total Annual Taxes: Approximately $800.

This property represents a valuable investment opportunity with existing infrastructure, rental income potential, and space for expansion.