Access Offering Materials: Mountain Springs MH & Camping Resort
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
