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    734 Pulaski Hwy Bear, DE 19701

    Sponsored
    For Sale
    $3,100,000

    High-Yield Mobile Home Community, 45 Units

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity presents a 45-unit mobile home park situated on a spacious 5.77-acre lot at 734 Pulaski Highway in Bear, Delaware. Conveniently located off Route 40, this income-generating property boasts a remarkable 96% occupancy rate, with 96% of units resident-owned. The park's strong performance offers significant potential for increased revenue through several avenues. Two developed vacant sites are ready for immediate development, adding to the existing unit count and rental income. Furthermore, the undeveloped area at the rear of the property allows for the potential addition of two more sites, further expanding the park's capacity. Adding to the property's income stream is a single-family home currently rented on the premises. A significant advantage lies in the opportunity to transfer water and sewer costs to tenants, optimizing operational efficiency and profitability. This well-established mobile home park presents a compelling investment opportunity for those seeking a stable, high-yield asset with considerable upside potential for growth and enhanced profitability. The property is priced at $3,100,000.

    Property Features for 734 Pulaski Hwy

    General Information

    Property type
    Residential income properties
    Lot Size
    251,341 SF

    Building Details

    Year Built
    1962
    Property Profile Location Intelligence

    Current Use by Public Records

    Glamour nails Entertainer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bear
    County
    New Castle
    State
    Delaware
    Longitude
    -75.63872
    Latitude
    39.64438

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    FAQs

    What type of property is this?
    Residential income property - High-Yield Mobile Home Community, 45 Units
    Where is this residential income property located?
    The property is located at 734 Pulaski Hwy Bear, DE.
    What is the asking price?
    The asking price for this property is $3,100,000.
    (302) 453-3200
    Request Owner's contact information
    734 Pulaski Hwy Bear, DE 19701
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    Bear, DE 19701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    734 Pulaski Hwy Bear, DE 19701
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