Horvath & Tremblay is pleased to exclusively present New Castle Estates, a 33-pad manufactured housing community located in New Castle, Pennsylvania. Situated on approximately 22.85 acres and zoned R-3 (General Residential), the property offers investors a stable cash-flowing asset with significant long-term expansion potential.
The community currently consists of 22 occupied lots, including three park-owned homes, and 11 vacant pads, providing immediate leasing upside. Beyond the existing operations, ownership has identified the potential to develop approximately 25 additional sites utilizing existing infrastructure, creating a compelling value-add opportunity to increase density and revenue.
With low-maintenance operations, public sewer service, private well infrastructure, and a growing demand for affordable housing throughout Western Pennsylvania, New Castle Estates offers investors the rare opportunity to acquire both stable in-place income and meaningful future growth within one investment.