Connect

Find us on...

Dashboard

Marjorie Dick Stuart

  • Cell 240-731-8079
Questions?

3731 Lycoming Creek Rd, COGAN STATION, PA – $2,350,000

  • $2.4M Price
  • 365,904 Sqft
  • 8.4 Acres
  • 112 DOM
  • $2.4M Price
  • 365,904 Sqft
  • 8.4 Acres
  • 112 DOM

3731 Lycoming Creek Rd

Mobile Home Park Investment Opportunity – Cogan Station, PA If you’re looking for a stable investment with strong income potential, look no further! This 58-lot mobile home park in Cogan Station, PA, Lycoming Township, is offered at an 8.5% cap rate and features long-term tenants, making it a prime opportunity for investors seeking long-term growth. The park currently has 35 occupied lots and 23 vacant lots, with a mix of tenant-owned homes (TOH) and park-owned homes (POH). Additionally, there’s an on-site apartment with a garage that generates $500/month, adding to the consistent cash flow. With a self-managed setup and minimal landlord responsibilities—tenants handle lawn care and snow removal—this property is easy to maintain. Tenants are also responsible for their own trash service. Property Overview: This property consists of 58 total lots, with 35 currently occupied and 23 vacant. The stable tenant base includes 23 tenant-owned homes (TOH) and 12 park-owned homes (POH). An on-site apartment with a garage generates $500 per month. The park is self-managed, with tenants taking care of lawn care and snow removal, and they also handle their own trash service. Financial Highlights: The total gross income for the property is $22,065 per month, or $264,780 annually. Estimated operating expenses are $54,410.76 per year, leaving plenty of room for strong cash flow and future growth potential. *Rent increase on 15 lots May 2025 @ $50 per lot. Utilities & Infrastructure: The park is supplied with well water, costing approximately $500 per month, which is managed by a well operator. City sewer service from the Williamsport Water Authority is $2,100 per month, and the pump house is powered by PPL, costing $200 per month. Tenants are responsible for lawn care, snow removal, and their own trash service. Investment Highlights: This property offers a stable income stream with a solid mix of tenant-owned homes and park-owned homes. It also benefits from city sewer service, eliminating the need for costly septic maintenance. The park is self-managed, making it a low-maintenance investment for the owner. Upside Potential: There is significant room for growth. Filling 23 vacant lots at $525/month ($12,075/month; $144,900/year additional income). Increase TOH lot rents to market rates ($2,265/month across all lots under $525; $27,180/year additional income). Located in the R-S Zoning District of Lycoming Township, this mobile home park is grandfathered as a conditional use, ensuring it can continue to operate as it is. Don’t miss out on this amazing opportunity! Call today for more details or to schedule a tour!

Essential Information

  • MLS® #PALY2001998
  • Price$2,350,000
  • Bathrooms0.00
  • Square Footage365,904
  • Acres8.40
  • Year Built1971
  • TypeCommercial Sale
  • Sub-TypeMobile Home/Campgrounds
  • StatusActive

Community Information

  • Address3731 Lycoming Creek Rd
  • AreaLycoming Twp (15927)
  • CityCOGAN STATION
  • CountyLYCOMING-PA
  • StatePA
  • MunicipalityLYCOMING TWP
  • Zip Code17728

Interior

  • HeatingOther
  • CoolingOther

School Information

  • DistrictWILLIAMSPORT AREA

Additional Information

  • Date ListedFebruary 17th, 2025
  • Days on Market112
  • ZoningRS

Listing Details

  • Office Contact(717) 316-8777

Office

Iron Valley Real Estate of York County

Please provide a valid email address.

© 2020 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Coldwell Banker Residential Realty participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Coldwell Banker Residential Realty are marked with the IDX logo and detailed information about each listing includes the name of the listing broker.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

Listing information last updated on June 8th, 2025 at 11:45pm CDT.