Capstone Manufactured Housing is pleased to present Mountain
Springs MH & Camping Resort: a 415-site MH and RV Community located in
Hamburg, PA. It sits on 85 well-manicured acres, to which current ownership has
done a fantastic job in enhancing the curb appeal. The community does not own
any homes, yet all 89 resident-owned homes are newer single or double-wides,
and there is a clear pride of ownership reflected throughout the
community. On the campground side of the
property, there are 324 RV Campground sites, of which the majority are for
seasonal residents. Thirty (30) of the seasonal sites will be completed and
ready to rent in 2022 with a higher rate.
With a median home price of $211,200, affordable housing in
Hamburg is in high demand. As demonstrated in the market rent analysis,
occupancy is strong among the neighboring mobile home parks. At the MH section
of the community, the lot rents are 15% ($58) lower than the market average,
providing an opportunity to increase rents. At the RV section of the community,
the monthly and daily rates are also lower than the other campgrounds.
This offering presents the opportunity to acquire a large,
beautiful community with profitable mobile home park and RV park components.