Courtesy of: Christopher Gross, UPPER DELAWARE REAL ESTATE, chris@upperdelawarerealty.com
Courtesy of: Christopher Gross, UPPER DELAWARE REAL ESTATE, chris@upperdelawarerealty.com
$350,000
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Lot: 2.08 Acres
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Other
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$350,000
45 Pumphouse Rd. 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 10.2% 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.
Courtesy of: Christopher Gross, UPPER DELAWARE REAL ESTATE, chris@upperdelawarerealty.com
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