Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Cap Rate: 10.6%
  • Listing ID: 614735
  • Posted On: Jan 4, 2016
  • Updated On: May 11, 2016

Description

Marcus & Millichap is pleased to present a mobile home park located in Western, Pennsylvania. The community consists of 105 MH Sites with an
additional 29 RV Sites provided with public water and a
private sewage plant.
The community is within one hour of Pittsburgh, which has a
population above 350,500. Also within 30 minutes of
Youngstown, offering quick access to both cities via major
highways. Major employers consist of real estate and
development, health care, universities, and manufacturing.

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Park Information

Community Type: All Age
Number of MH Lots: 134
Total Occupancy: 81.0 %
Year Built: 1970
Average MH Lot Rent: $224
Size: 55 acre(s)

Financial Information

Gross Income: $352,362
Operating Expense: $166,783
Net Operating Income: $185,579
Expense Ratio: 47.3 %

Utility Information

Water: City
Sewer: Septic

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