Ephrata, PA 17522 1136 Steinmetz Road

AUCTION PROPERTY. Auction date is Thursday, June 26th @ 5PM. List price is opening bid price only and is not indicative of the final sale price. TERMS: 10% down day of auction, balance 60 days or before. Buyer pays both transfer taxes (2% of sale price). REAL ESTATE: Unique mobile home park w/ 16 rental pads plus 2 story -2 unit rental house with 1st floor 2 bedroom unit & 2nd floor 1 bedroom unit. Each unit has: kitchen, living room, bath, electric baseboard heat, macadam drive & parking, public water & sewer all on 1.2 ACRES. Tenants pay heat, electric, cable, water & sewer. 16 MOBILE HOME PADS @ $425 rental each. Lot #3 is park owned and rents for $500/month in addition to the $425 lot rent. Park owner also owns Lot #7 mobile home has been removed and currently is not producing income. Park owner is gaining ownership of Lot #8 (currently vacant) which could be rented or replaced for additional income. Bridge at rear of community has been replaced and the railings on the bridge will be reinstalled prior to the auction. Ideal investment opportunity with income growth potential. Convenient location for tenants w/ easy access to stores, restaurants & schools. Zoned LMD. NOTE: Owners discontinuing partnership & serious to sell. 18 rental units. Income & expense info available upon request. Gross income approx. $114K, net approx. $92K with positive growth potential. Open House Saturday, June 7, 14 & 21 from 1 to 4PM.