PENN LAKE VILLAGE
ROOM FOR EXPANSION

There are several acres at the rear of the park available for future expansion.  The acreage is wooded with mature hardwoods, pine and beech trees.  Utilities are all available at the end of the existing road near the garage.  A plan for expansion was drawn up by an engineering firm (hard copy available).
PARK OWNED HOMES

There are currently several trailers owned by the park.  The status of these trailers may change daily as some are sold.  Remaining trailers (at the time of entering into a sales agreement) will be included in the sale of the park property.
SHOP

The sale includes a five bay garage with an apartment above.

The studio apartment includes a full bathroom and kitchen. 

The shop includes a concrete floor four bay area with sliding doors.  An additional fifth bay is built on the rear with a roll-up door and gravel floor.
INCOME

Income varies from $4500  to $7500 per month depending on water and sewer charges, late fees, etc.
EXPENSES

Typical monthly expenses include pumphouse electric $200, water testing $50, garbage $650, onsite manager $145, sewer $650, taxes $200.
FINANCING

Prefer cash.  Will consider financing with large downpayment, background check and references.  Great opportunity for an energetic person to purchase, expand, and develop a nice income property.
COMPARABLES

A larger, but comparable mobile home park located approximately 10 miles away, is currently listed for $995,000.  It includes 72 spaces on 99 acres.  See listing on "Mobile Home Park Store" (Meadville, Pennsylvania).
CONTACT INFO

Dennis Riley      

[email protected]
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