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Address is 6800 Frogtown Road Hermitage, PA 16148

Russ Williamson

Colliers International

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Pennwood Estates

Mobile Home Community for Sale in Hermitage, Pennsylvania

6800 Frogtown Road
Hermitage, PA 16148

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Sale Price: $245,000
 

Contact Information

Russ Williamson
Colliers International

Mobile Home Park for Sale

Number of MH Lots: 48
Size: 28.7 acre(s)
Status: Active
Property ID: 811695
Posted on: May 10, 2017
Updated on: May 10, 2017
Price: $245,000

Property Description

Pennwood Estates is a 48 home site, manufactured housing community located at 6800 Frogtown Road in Hermitage, PA.

PROPERTY HIGHLIGHTS

• Opportunity to enjoy the benefits of forced appreciation and increased cash flow by renting vacant home sites

• Achieve approximately 80% occupancy by the end of 36th month by renting 8 home sites per year

• Currently 29% Occupied or 14 rented home sites

• Major MSA’s are only 70 miles away or approximately 1 hour drive time

• Walmart and other area shopping is only 11 minutes away

• Rural living typically attracts long term residents

• Well Water/Waste Water Treatment Plant

• Individually metered and read by On-Site Manager

Russ Williamson 614.329.1922 russ.williamson@colliers.com

Broker of Record: Two Gateway Center, 603 Stanwix Street, Suite 125, Pittsburgh, PA 15222

Please contact Russ Williamson at 614-329-1922 for further details.

Location Description

The property sits on approximately 28.65 acres in Hermitage - a city centrally located to Akron and Cleveland, Ohio and Pittsburgh and Erie, PA.

Park Information

Number of MH Lots:48
Total Occupancy:29.0%
Average MH Lot Rent: $305
Size:28.7 acre(s)

Lot Information

Singlewide Lots:43
Doublewide Lots:5

RV Information

Number of RV Lots:0

Utility Information

Water:Well
Water Paid By: Tenant - Individual Service
Sewer:Treatment Plant

Park-Owned Homes

Number of Park-owned Homes:11