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The Bollack Team

bollackteam@gmail.com +1(443) 299-7994

Listed by Randal V Kline • Kingsway Realty - Ephrata

$ 700,000

Est. payment -/mo

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Open Sat 1PM-4PM

1136-1140 STEINMETZ RD Ephrata, PA 17522

1,344 SqFt

OPEN HOUSE

Sat Jun 14, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Mobile Home, Commercial

Sub Type Mobile Home/Campgrounds

Listing Status Active

Purchase Type For Sale

Square Footage 1,344 sqft

Price per Sqft $520

MLS Listing ID PALA2070840

Year Built 1948

Annual Tax Amount $6,738

Tax Year 2024

Lot Size 1.200 Acres

Acres 1.2

Lot Dimensions 0.00 x 0.00

Property Sub-Type Mobile Home/Campgrounds

Source BRIGHT

Property Description

AUCTION PROPERTY. Auction date is Thursday, June 26th @ 5PM. List price is opening bid price only and is not indicative of the final sale price. TERMS: 10% down day of auction, balance 60 days or before. Buyer pays both transfer taxes (2% of sale price). REAL ESTATE: Unique mobile home park w/ 16 rental pads plus 2 ½ story -2 unit rental house with 1st floor 2 bedroom unit & 2nd floor 1 bedroom unit. Each unit has: kitchen, living room, bath, electric baseboard heat, macadam drive & parking, public water & sewer all on 1.2 ACRES. Tenants pay heat, electric, cable, water & sewer. 16 MOBILE HOME PADS @ $425 rental each. Lot #3 is park owned and rents for $500/month in addition to the $425 lot rent. Park owner also owns Lot #7 – mobile home has been removed and currently is not producing income. Park owner is gaining ownership of Lot #8 (currently vacant) which could be rented or replaced for additional income. Bridge at rear of community has been replaced and the railings on the bridge will be reinstalled prior to the auction. Ideal investment opportunity with income growth potential. Convenient location for tenants w/ easy access to stores, restaurants & schools. Zoned LMD. NOTE: Owners discontinuing partnership & serious to sell. 18 rental units. Income & expense info available upon request. Gross income approx. $114K, net approx. $92K with positive growth potential. Open House Saturday, June 7, 14 & 21 from 1 to 4PM.

Location

State PA

County Lancaster

Area Ephrata Boro (10526)

Zoning LMD

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Heat Source Oil

Exterior

Garage Spaces 36.0

Water Access N

Roof Type Shingle

Accessibility None

Total Parking Spaces 36

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Ephrata Area

Others

Tax ID 260-71232-0-0000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Auction

The Bollack Team

Agent | License ID: 660828

+1(443) 299-7994

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The Bollack Team

1136-1140 STEINMETZ RD Ephrata, PA 17522

OPEN HOUSE

Key Details

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1136-1140 STEINMETZ RD