Description

Well established Manufactured Housing Community located in the heart of Southern NJ nestled among 50+ acres in a tranquil wooded setting. This long proven mobile home park offers fifty plus home sites with a historical 92%+ occupancy rate with an average tenancy of 11.5 years. An overwhelming majority (95%) of the manufactured homes are owned by the tenants which creates a great pride of ownership atmosphere within the community. This well maintained site includes office, macadam roadway/ right of ways with speed bumps, concrete/asphalt curbing, overhead lighting and underground utilities. Each site is supplied with electric, natural gas, cable and on site well water and shared septic systems. This community is neither Age Restricted nor Rent Controlled.
Located in a semi-rural area with proximity to major highways this site consists of 23 lots under Leased Fee Estate property rights. Due to the high tenancy rate and a financially well run operation this business consistently returns an 8.5% Cap Rate. Due to the confidential nature of this ongoing operation prospective Buyers will be required to execute a Non-Disclosure Agreement. In addition there is adjacent land consisting of approximately 45 acres that is available under separate agreement.

**Not Actual Photo