600 Laurel Vw Dr. MtMount Pleasant, PA 15666

Property Details for 600 Laurel Vw Dr. Mt

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a stabilized portfolio of four manufactured housing communities totaling 386 sites in the Mount Pleasant area, conveniently located near Pittsburgh, Pennsylvania. The portfolio boasts an impressive 88% occupancy rate as of August 26, 2024, demonstrating a strong and stable tenant base. Below-market rents offer significant potential for future revenue growth. The properties benefit from excellent curb appeal and a majority of publicly provided utilities, minimizing maintenance costs and enhancing service reliability. Operational efficiencies are maximized through shared staffing resources across the four communities and a minimal number of park-owned homes. This portfolio represents a scaled entry point into the Pennsylvania market, offering a compelling combination of strong current performance and substantial upside potential within a rapidly growing metropolitan area. The permitted zoning is specifically for mobile home parks, ensuring the continued viability of this investment. The portfolio's location in Fayette County, Pennsylvania, at 600 Laurel View Dr., Mount Pleasant, PA 15666, provides easy access to the amenities and opportunities of the Pittsburgh MSA. This is a rare opportunity to acquire a well-managed, high-performing asset with significant long-term growth prospects.

Location Insight

City

Mount Pleasant

County

Fayette

State

Pennsylvania

Latitude

40.0983

Longitude

-79.545

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