Mountain Springs MH & Camping Resort

Mountain Springs MH & Camping Resort

Hamburg, PA
Available
  • Property Type: Manufactured Housing
  • Property Size: / 84.79 Acres / 383 Sites

Overview

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.

Investment Highlights

  • 100% Occupancy at the MH Section of the Park
  • All Lot-Rent Only Resident-Owned Homes
  • Charming Neighborhood Environment
  • Profit Center–Water & Sewer Income
  • Excellent Curb Appeal and Extensive On-Site Amenities Package
  • Increasing RV Income/Demand
  • 30 Additional Seasonal RV Sites will be ready in 2022, which will bring in more revenue
  • Immediate Scaled Entry into Reading, Pennsylvania
  • Proximity to the Appalachian Trail and Pennsylvania State Game Lands 

Contact Information

Kevan Enger Partner P: 407.494.8541
O: 800.261.9464 ext. 704
kevan@capstone-companies.com
Ian Hilpl Senior Advisor P: 315.406.0900
O: 800.261.9464 ext. 708
ian@capstone-companies.com
Brian Hummell Investment Sales Advisor P: 614.318.5482
O: 800.261.9464 ext. 711
hummell@capstone-companies.com
Hunter LaRocca Investment Sales Advisor P: 407.227.9643
O: 800.261.9464 ext. 712
hunter@capstone-companies.com
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