717-891-0836
185 Mohawk School Rd, New Castle, PA for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/19
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185 Mohawk School Rd
New Castle, PA 16102


HIGHLIGHTS

  • 22 active rentals on MTM leases, 3 Park-owned homes with potential to add +/- 20 additional lots
  • Rent includes a $62/month fee for sewage reimbursements; Tenants are responsible for their electric
  • Owner currently handles common area landscaping and trash collection
  • 2 wells on property, 6 and 8 inches, includes wellhouse, and public sewer
  • Owner indicates current water infrastructure is sufficient to accommodate additional lots

OVERVIEW

SCOPE is pleased to present the exclusive opportunity to acquire New Castle Estates, a mobile home community in New Castle, PA. The 33 units sit on an R3 (General Residential) zoning district and are not in a flood zone. Historically, the park has demonstrated consistent occupancy and its layout and infrastructure support efficient management, offering investors stable cash flow with the benefit of straightforward, low-maintenance operations. In addition to the in-place cash flow, the property presents a clear value-add opportunity through the potential development of +/- 20 additional pads. This expansion allows an investor to increase density and significantly enhance long-term returns. With strong fundamentals and future upside, this offering is well-suited for investors seeking both stability and growth within the mobile home park sector.

FOR SALE DETAILS

PRICE

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# OF UNITS

33

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New Castle Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

24.83 AC

LAND SF

1,081,388 SF

ZONING

R3

APN/PARCEL ID

26-093500

ASK ABOUT THIS PROPERTY

Abe KhanSCOPEMore Info
717-891-0836

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Abe KhanSCOPEMore Info
717-891-0836

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