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Mobile Home Park

4 MHC Portfolio - Pittsburgh MSA

Laurel View Dr, Mt Pleasant, PA 15666

Listing Price: $21,274,000

Cap Rate
5.04%
Number of Spaces
386
Lot Size
75.00 acres
Occupancy
93.0%
Price/Space
$55,114
Spaces/Acre
5.15
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a manufactured housing community portfolio located in Pennsylvania. The portfolio consists of four communities containing a total of 386 sites with a global occupancy of 93 percent. All of the communities are serviced by public water and sewer except for Greendown Acres (well and private sewer) and Oak Estates (WWTP). With a global occupancy of 93 percent and an average rent of approximately $417, a new operator can implement an aggressive sales program to fill the vacant sites.

Investment Highlights

  • Four Manufactured Housing Communities Located in Pennsylvania
  • Global Occupancy of 93 Percent
  • A New Operator Can Implement an Aggressive Sales Program to Fill the Vacant Sites

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Mobile Home Park

4 MHC Portfolio - Pittsburgh MSA

Listing Price: $21,274,000

Cap Rate
5.04%
Number of Spaces
386
Lot Size
75.00 acres
Occupancy
93.0%
Price/Space
$55,114
Spaces/Acre
5.15
Year Built
1980

Investment Highlights

  • Four Manufactured Housing Communities Located in Pennsylvania
  • Global Occupancy of 93 Percent
  • A New Operator Can Implement an Aggressive Sales Program to Fill the Vacant Sites

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a manufactured housing community portfolio located in Pennsylvania. The portfolio consists of four communities containing a total of 386 sites with a global occupancy of 93 percent. All of the communities are serviced by public water and sewer except for Greendown Acres (well and private sewer) and Oak Estates (WWTP). With a global occupancy of 93 percent and an average rent of approximately $417, a new operator can implement an aggressive sales program to fill the vacant sites.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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