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$2,350,000
3731 Lycoming Creek Rd, Cogan Station, PA
Real Estate
For Sale
$--,---,---
000
- Key Facts
- Description
- Map
Key Facts
Type Mobile Home
Levels Commercial Sale
Size -
Garage No
Maintenance Fees
Taxes $12,444
Days Active 118
Approx. Age 1971
MLS® Number PALY2001998
Property Address:
Average square foot calculated using Size range provided by listing agent.
Description
Mobile Home Park Investment Opportunity – Cogan Station, PA If you’re looking for a stable investment with strong income potential, look no further! This 58-lot mobile home park in Cogan Station, PA, Lycoming Township, is offered at an 8.5% cap rate and features long-term tenants, making it a prime opportunity for investors seeking long-term growth. The park currently has 35 occupied lots and 23 vacant lots, with a mix of tenant-owned homes (TOH) and park-owned homes (POH). Additionally, there’s an on-site apartment with a garage that generates $500/month, adding to the consistent cash flow. With a self-managed setup and minimal landlord responsibilities—tenants handle lawn care and snow removal—this property is easy to maintain. Tenants are also responsible for their own trash service. Property Overview: This property consists of 58 total lots, with 35 currently occupied and 23 vacant. The stable tenant base includes 23 tenant-owned homes (TOH) and 12 park-owned homes (POH). An on-site apartment with a garage generates $500 per month. The park is self-managed, with tenants taking care of lawn care and snow removal, and they also handle their own trash service. Financial Highlights: The total gross income for the property is $22, 065 per month, or $264, 780 annually. Estimated operating expenses are $54, 410.76 per year, leaving plenty of room for strong cash flow and future growth potential. *Rent increase on 15 lots May 2025 @ $50 per lot. Utilities & Infrastructure: The park is supplied with well water, costing approximately $500 per month, which is managed by a well operator. City sewer service from the Williamsport Water Authority is $2, 100 per month, and the pump house is powered by PPL, costing $200 per month. Tenants are responsible for lawn care, snow removal, and their own trash service. Investment Highlights: This property offers a stable income stream with a solid mix of tenant-owned homes and park-owned homes. It also benefits from city sewer service, eliminating the need for costly septic maintenance. The park is self-managed, making it a low-maintenance investment for the owner. Upside Potential: There is significant room for growth. Filling 23 vacant lots at $525/month ($12, 075/month; $144, 900/year additional income). Increase TOH lot rents to market rates ($2, 265/month across all lots under $525; $27, 180/year additional income). Located in the R-S Zoning District of Lycoming Township, this mobile home park is grandfathered as a conditional use, ensuring it can continue to operate as it is. Don’t miss out on this amazing opportunity! Call today for more details or to schedule a tour!Show Description
MLS® NumberPALY2001998
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1971
Stories
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatOther, Other Fuel
A/COther, Other Fuel
Heating Fuel
Extras
12 park owned homes
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