For Sale
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1037 Barkeyville RdGrove City, PA 16127

Cash-flowing MHC portfolio, 526 sites

Overview

Added:
Dec 11, 2024
Days on market:
114
This portfolio comprises seven manufactured home communities totaling 526 sites across multiple Pennsylvania counties within the Pittsburgh MSA. Currently operating at 63% occupancy, generating a Net Operating Income (NOI) of $951,485, this Class C value-add investment presents significant upside potential. The portfolio includes 333 tenants, 379 mobile home lots, 12 RV lots, 2 single-family homes, and 41 park-owned homes (POH), along with 28 rent-to-own homes (RTO) and 193 vacant lots. The limited number of POH units presents an opportunity to convert to tenant-owned homes, increasing cash flow and reducing operational expenses. The strong demand for affordable housing in the Pittsburgh MSA, coupled with the potential for rent growth and increased occupancy, makes this a compelling investment opportunity. The portfolio's scale allows for economies of scale in management and operations, enhancing stability and growth potential. This is a unique opportunity to acquire a well-established, cash-flowing asset with significant value-add potential in a stable and growing market. Interested parties should submit offers including price, inspection timelines, terms, proof of funds, due diligence requirements, and relevant experience.

Highlights

  • Value-Add, Cash-Flowing Mobile Home Park Portfolio.
  • Located in a major MSA with high demand for affordable housing.
  • Opportunity to convert park-owned homes (POH) to tenant-owned homes (TOH) to increase profitability.
  • Significant potential for rent growth and increased occupancy rates.
  • Infill development opportunities exist within the portfolio.
  • $951,485 Net Operating Income (NOI).

Property Details for 1037 Barkeyville Rd

Property type
Mobile home & RV parks
Class
C
Units
526

Location Insight

City
Grove City
County
Mercer
State
Pennsylvania
Latitude
41.1777807
Longitude
-80.0329279
1037 Barkeyville Rd, Grove City, Pennsylvania

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1037 Barkeyville Rd
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