Contact Information

Mobile Home Park Details

  • Price: $950,000
  • Property ID: 2031311
  • Posted On: Feb 7, 2023
  • Updated On: Feb 7, 2023

Property Description

Listing Broker: Eric Wanck
Contact Eric Wanck: +1-678-932-0200
FAYETTE COUNTY, PA - Dunbar Mobile Home Park (MHP) resides in the charming southern Pennsylvania town of Dunbar. This park is approximately 38 miles from Pittsburgh and 26 miles from the West Virginia border. This stable, well-maintained community features 27 total pads with 24 tenant-owned homes (TOH) and 1 home that is on a rent-to-own (RTO) contract with roughly $43,000 left on the note. The total parcel size is ±4.87 acres and the park currently 93% occupied with 2 vacant lots.

Dunbar MHP is well positioned for significantly higher cash flow than current financials show. Ownership is in the process of updating water meters and a vendor for the city water/sewer billback, as current collections are roughly half of the park’s main water bill, significantly affecting the bottom line. This will all be corrected prior to closing and collections will be substantially higher. The park is managed remotely with two tenants on-site to oversee daily operations and maintenance. This has been a very easy park to manage for ownership and makes for a great investment for an out-of-state owner.

All major CapEx has been completed and this park is ready for a new owner. The community has very low operating expenses park -- even snow plowing is handled by the city. The Seller has maintained good books and records and has title to the RTO. Seller financing is not being offered. Please see broker for additional information on debt options.

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Park Information

Number of MH Lots: 27
Total Occupancy: 93.0 %
Size: 5 acre(s)

Utility Information

Water: City
Sewer: City

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