101 Court Ln, Altoona, PA 16601
This exceptional investment opportunity in Altoona, Pennsylvania, presents a unique chance to acquire a 17-unit tenant-owned mobile home park situated on 101 Court Lane, Blair County, 16601. The property also includes 5 seller-owned units, with one currently rented, and six vacant pads ready for development. The asking price of $595,000 is based on the property's strong income stream, generated by a monthly lot rent of $300 per unit. This includes trash removal and sewer services. Tenants contribute an additional $42.50 monthly towards water expenses. Four vacant units require some improvements. The park operates under specific guidelines: no dogs are permitted, and leasing is restricted to individuals 55 years of age or older. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning investors seeking a stable and income-producing asset in a desirable location. The property's address is precisely 101 Court Lane, Altoona, PA 16601, with GPS coordinates 40.5751549 latitude and -78.3460077 longitude.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.