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734 Pulaski Hwy Bear, DE 19701

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For Sale
$3,100,000

High-Yield Mobile Home Community, 45 Units

Property Features for 734 Pulaski Hwy

General Information

Property type
Residential income properties
Lot Size
251,341 SF

Building Details

Year Built
1962

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Listing Contact
Kathy Quinn

Listing Agency: RE/MAX Associates - Newark Listing Agent: Kathy Quinn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Glamour nails Theater & Performing Art Venue

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop

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

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.
More about this property
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