Mobile Home Park
Morgantown Hills
3549 Morgantown Rd, Smithfield, PA 15478
Listing Price: $2,400,000
Investment Overview
We are pleased to present an opportunity to invest in Morgantown Hills, a value-add community located in Smithfield, Pennsylvania (Fayette County). With 63 units, this manufactured housing community offers multiple upside opportunities, including occupancy upside and rent growth.
Situated near Pittsburgh, residents enjoy a peaceful rural atmosphere while being in close proximity to a major metropolitan area. Pennsylvania’s population of over 13 million residents makes it the 5th most populated state in the US, and the Pittsburgh PA MSA, where Morgantown Hills is located, has a
population of 2,366,544. Fayette County has a population of 129,443.
Morgantown Hills is strategically built to provide its tenants with a best-in-class lifestyle community near major population centers. This community has 63 units: 42 tenant owned homes (TOH, 1 single family home (SFH, 2 duplexes (4 units), and 16 vacant lots. All of the 16 vacant lots are home ready. The average lot rental rate per month is $315. With the Pittsburg MSA market average lot rental rate of $516 per month, and average 2 bedroom renting for $1,090 per month, this park can support substantially higher lot rents and home rents based on the limited affordable housing supply and growing demand in this market.
Morgantown Hills is serviced by public water and sewer that are billed back to the tenant. Trash is serviced curbside and is billed back the tenants. Electricity is billed directly to tenants. All utility systems are in good working order. The roads are paved and in average condition. The park is not in a flood zone or an opportunity zone.
The park is priced at $2,400,000. This is a value-add opportunity on a cash flowing asset upon entry. Conventional recourse and bridge lending should be available for this community.
Investment Highlights
- Value-Add MHC
- Upside In Occupancy & Rents
- Stabile Existing Tenant Base
Broker of Record
Listing Price: $2,400,000
Investment Highlights
- Value-Add MHC
- Upside In Occupancy & Rents
- Stabile Existing Tenant Base
Investment Overview
We are pleased to present an opportunity to invest in Morgantown Hills, a value-add community located in Smithfield, Pennsylvania (Fayette County). With 63 units, this manufactured housing community offers multiple upside opportunities, including occupancy upside and rent growth. Situated near Pittsburgh, residents enjoy a peaceful rural atmosphere while being in close proximity to a major metropolitan area. Pennsylvania’s population of over 13 million residents makes it the 5th most populated state in the US, and the Pittsburgh PA MSA, where Morgantown Hills is located, has a population of 2,366,544. Fayette County has a population of 129,443. Morgantown Hills is strategically built to provide its tenants with a best-in-class lifestyle community near major population centers. This community has 63 units: 42 tenant owned homes (TOH, 1 single family home (SFH, 2 duplexes (4 units), and 16 vacant lots. All of the 16 vacant lots are home ready. The average lot rental rate per month is $315. With the Pittsburg MSA market average lot rental rate of $516 per month, and average 2 bedroom renting for $1,090 per month, this park can support substantially higher lot rents and home rents based on the limited affordable housing supply and growing demand in this market. Morgantown Hills is serviced by public water and sewer that are billed back to the tenant. Trash is serviced curbside and is billed back the tenants. Electricity is billed directly to tenants. All utility systems are in good working order. The roads are paved and in average condition. The park is not in a flood zone or an opportunity zone. The park is priced at $2,400,000. This is a value-add opportunity on a cash flowing asset upon entry. Conventional recourse and bridge lending should be available for this community.
Broker of Record

