528 W Vincent Street, LigonierLigonier Boro, PA 15658Price: $119,000

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.