1-27 Oak Dr - Manufactured Housing/Mobile Housing FOR SALE


Buena Vista, PA 15018
$1,200,000 USD
724-825-3137
1-27 Oak Dr, Buena Vista, PA for Sale
$1,200,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/18
null | 11.85% Cap Rate

1-27 Oak Dr
Buena Vista, PA 15018


HIGHLIGHTS

  • Tremendous Value-Add through increasing occupancy, adding lots and converting to public sewer to lower the sewage bill.
  • 12 park owned homes and 2 tenant owned homes
  • 10 homes are double wides and 2 single wides
  • Approx. 20 Miles from Downtown Pittsburgh
  • Buyer will be required to tap into public sewage

OVERVIEW

SVN Three Rivers Commercial Advisors is pleased to present Rolling Hills Village, a value-add manufactured Housing investment located in Buena Vista. The property consists of 27 lots across approximately 24.3 acres. The Park has 12 park-owned homes and 4 tenant-owned homes, with additional upside through infill and future expansion potential. The 27 lots sit on approximately12 acres leaving an additional 12.3 acres for future development. The community has received DEP and Elizabeth Township approvals to decommission the existing sewage treatment plant and install a new pump station capable of servicing up to 40 homes, significantly reducing annual operating costs from approximately $24,000 to an estimated $4,000 per year for sewage. Strong rental location with a household median income of $125k / year. The property is within 8 miles of 5 hospitals and commuting distance to Pittsburgh.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

27

PRICE/UNIT

$44,444

CAP RATE

11.85%

% LEASED

48%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rolling Hills Village MHC

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

27

LAND DETAILS

LAND ACRES

34.19 AC

LAND SF

1,489,316 SF

ZONING

Mobile home park

APN/PARCEL ID

0997-H-00096-0000-00

ASK ABOUT THIS PROPERTY

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
724-825-3137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jason CampagnaSVN - Three Rivers Commercial AdvisorsMore Info
724-825-3137

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.