Unique opportunity to own an income producing property with usable river frontage. This manufactured home park consists of 2.08 acres of surveyed land and currently has 6 units. 3 of the units are owned by others who pay lot rent, and the other 3 units are owned by the landowner and are rented to others.
The 10.6% Cap Rate is based on an NOI of $36,011. Recent upgrades include new water lines.
Property has 228′ frontage on the East Branch Delaware River. Owned units include a double-wide manufactured home rented at $1,050/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $550 lot rent, respectively. Tenants pay individual water & sewer charges.