Mobile Home Park Details
- Listing ID: 811695
- Posted On: May 10, 2017
- Updated On: Dec 14, 2022
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
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
| Community Type: | All Age |
| Number of MH Lots: | 48 |
| Total Occupancy: | 29.0 % |
| Average MH Lot Rent: | $305 |
| Size: | 29 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 |
