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474 Rapson Ave
New Castle, PA 16101
Asking Price
Contact for price
Asset Type
Mobile-home-park
Class
Class B
What's Special
Mobile Home Park <ul><li>IInvestor Alert! Great money maker and less work. Hook-ups for 13 units with currently 12 trailers in the park in Union Twp. Seller is collecting lot rent on 10 currently. Lot rent includes well & sewer (septic) & garbage. 10 units all currently owned by the tenants or soon to be paid off by Sept. 1st. Trailer #424 owned by seller and will need 5-10k rehab depending on what a buyer chooses to do. #436 is a shell and would need complete rehab or tear down. Vacant lots could be rented to
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547