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$119,000

528 W Vincent St, Ligonier Boro, PA 15658

Active #1770200
Ligonier BoroWestmoreland County
0.66 Acres
Twin Pines is located within the Boro of Ligonier. This once striving mobile home park is situated on a large lot (147 x 211 x 120 x 125) and has all city utilities. The park has eleven (11) pads, four (4) existing mobile homes, and four storage units rented by on-site tenants. The site as a whole has eleven (11) city water and city sewer taps, eight (8) electric meters (see addendum on details). Pad rentals are currently $220 per month plus electric. Water and sewage per unit averages $100 per month each. Storage units rent at $40 per month. This park has huge potential for the enterprising investor. It's zoned R-4 multi-family residential. Redesign the plot plan to accommodate 4 to 6 modern units with yards, carports, etc. Market rents for pads in nice parks range from $450 to $650 per month plus utilities. 6 units @ $500 p/m = $36,000 (as an example). Site plan changes would need approved by the Zoning Board. R-4 zoning (multi-family) lends itself to construction of attached townhouses, etc. Since it's an approved 'Conditional Use' in an R-4 Zone, any changes would need approved by Ligonier Boro. Mobile Home Park ordinances can be found in Article VII-6 on Ligonier Boro's website.
Presented ByIntegrity Plus Realty
General Information
Business Name Twin Pines M.H. Park
Business Type Mobile Home Park
For Sale Building, Land, Other
Gross Annual Income 22920
Lot Size 0.6588
Taxes $1,817
Zoning R-4
Exterior Features
Access City, County
Construction Aluminum
Parking 10
Utilities
Utilities Available Electricity, Gas, Sewer, Water

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Presented ByIntegrity Plus Realty

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