Contact Information

Todd Fletcher

Mobile Home Park Details

  • Price: Call for Price
  • Listing ID: 5303305
  • Posted On: Apr 15, 2024
  • Updated On: Apr 22, 2024


Parkview MHC is a 3 star, 86-site
community (including 2 apartments)
on all public utilities in an infill
location blocks from the Delaware
River and directly adjacent to
a public park. At only 15 miles
southwest of downtown Philadelphia,
it is close to several large employers
including Harrah’s Casino,
manufacturers such as Congoleum,
and distribution centers owned by
Amazon and Sam’s Club.
– Over the course of its ownership, seller has vastly improved
the tenant credit quality by removing non-paying and rule
breaking tenants, tearing down older homes, and investing
over $785k to bring in and repair homes to fill with new,
well-screened residents.
– Since purchasing the asset 4 years ago, seller has also
invested over $800k in capital improvements including
repaving all roads, a new underground electrical system
and LED streetlights, water/sewer main upgrades, gravel
driveways and walkways, and tree trimming and removal.
– The current Owner is raising all tenants to $750 lot rent
in 2024 (tenants have already been notified), which will
add over $50K of additional annual site revenue for a new
Owner. This rent increase is included on our proforma in the
financial analysis section.
– Value-add opportunity to develop approximately 25 new
sites on a 2.15 acre parcel of land that is included with sale.
The parcel currently has a small vacant convenience store
that would need to be demolished. The 25 sites are fully
entitled and approved with the Borough, with all permits
and PUD still active.
– The community also comes with a portfolio of 37 park
owned homes. Of these, 27 are currently occupied through
LTO structures with a total remaining balance of around
$300,000 and an average monthly payment of $236. The
remaining vacant homes are almost all in lease ready shape
and owner expects to fill these quickly.
– Parkview MHC has a recently originated Freddie Mac loan
that must be assumed (see Loan Assumption Detail Chart
for more details).


– The Philadelphia metropolitan area was estimated to produce $500 billion of economic activity in 2023. The Philadelphia metropolitan area currently ranks as the 8th largest metropolitan economy in the United States.
– Philadelphia is the center of economic activity in Pennsylvania with the headquarters of five Fortune 1000 companies located within city limits, including Comcast, Aramark, FMC, Urban Outfitters, and Carpenter Technology.
– UPenn is the largest private employer in Philadelphia and has an
enrollment of 24,806 students. Other large schools in the area include Temple University, Drexel University, and Saint Joseph’s University.
– Showcasing national treasures like the Liberty Bell and Independence Hall, Philadelphia has been one of the most trafficked tourist destinations in the country. In 2022, the greater Philadelphia area received 45 million visitors who spent almost $7.5 billion.
– Subaru Park, a state-of-the-art 18,500-seat Major League Soccer stadium that serves as home to the Philadelphia Union, is located less than 2 miles from Parkview MHC. The stadium has also hosted college football, rugby, soccer, and lacrosse games as well as festivals and concerts.
– Within a 10-mile radius of the community, the average household
income and average home value are over $119,000 and $366,000,

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Park Information

Number of MH Lots: 86
Size: 10 acre(s)

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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