Parkview Mobile Home Park
38 Unit Mobile Home Park | For Sale | 8% Cap Rate | Grove City, PA 16127
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Multifamily
- Square Feet
- 135,907 SF
Listing Contacts
Brittani Snyder
Verified Profile
- Property Info
Property Overview
BEING SOLD INDIVIDUALLY OR AS A PACKAGE WITH 2 OTHER PARKS.
Welcome to Parkview Mobile Home Park, a thriving community nestled in the heart of Grove City, PA. With a convenient location just .5 mile from major retailers like Walmart, residents enjoy easy access to shopping, dining, and entertainment options. Parkview Mobile Home Park community boasts 38 lots. 36 lots are occupied and there are 2 vacant lots. NO PARK OWNED HOMES. Since there are no park-owned homes, the new owner will enjoy minimal maintenance responsibilities. 8% Cap Rate assuming a 5% management fee. Brand new roads in 2022. Metron smart water meters installed on each lot. 3 brand new homes brought into the park over the last few years. Lot rent is $315/month. Parkview Mobile home park has public sewer and public water. Owner pays water, sewer, trash and bills back to the tenants. Current owner has a property manager that lives a few miles away to oversee the property. Value add potential: Increase lot rent Financials, Survey, and clean environmental phase 1 report are available for review.
3 Mobile Home Parks in Western, PA. 95 lots total. No Park owned homes. All public utilities except for 1 well at one of the properties. 8 % cap rate assuming 5% management fee. All properties within 5 miles of Walmart. 2 parks in Grove City, PA (Liberty Acres MHP and Parkview MHP are 3.5 miles away from each other). 1 park in Warren, PA 1.5 hours away from Grove City.
Call for more information! 717.855.4478
*Seller agent is related to Seller* *Virtual aerial tour of the property is available to review*
Welcome to Parkview Mobile Home Park, a thriving community nestled in the heart of Grove City, PA. With a convenient location just .5 mile from major retailers like Walmart, residents enjoy easy access to shopping, dining, and entertainment options. Parkview Mobile Home Park community boasts 38 lots. 36 lots are occupied and there are 2 vacant lots. NO PARK OWNED HOMES. Since there are no park-owned homes, the new owner will enjoy minimal maintenance responsibilities. 8% Cap Rate assuming a 5% management fee. Brand new roads in 2022. Metron smart water meters installed on each lot. 3 brand new homes brought into the park over the last few years. Lot rent is $315/month. Parkview Mobile home park has public sewer and public water. Owner pays water, sewer, trash and bills back to the tenants. Current owner has a property manager that lives a few miles away to oversee the property. Value add potential: Increase lot rent Financials, Survey, and clean environmental phase 1 report are available for review.
3 Mobile Home Parks in Western, PA. 95 lots total. No Park owned homes. All public utilities except for 1 well at one of the properties. 8 % cap rate assuming 5% management fee. All properties within 5 miles of Walmart. 2 parks in Grove City, PA (Liberty Acres MHP and Parkview MHP are 3.5 miles away from each other). 1 park in Warren, PA 1.5 hours away from Grove City.
Call for more information! 717.855.4478
*Seller agent is related to Seller* *Virtual aerial tour of the property is available to review*
Property Details
- Class
- C
- Year Built
- 1959
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 135,472 SF
- Units
- 38
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