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Rolling Hills Village MHC 1-27 Oak Dr 27 Unit Mobile Home Park $1,706,712 CAD ($63,212 CAD/Unit) 11.85% Cap Rate Buena Vista, PA 15018
Investment Highlights
- Tremendous Value-Add through increasing occupancy, adding lots and converting to public sewer to lower the sewage bill.
- 10 homes are double wides and 2 single wides
- Buyer will be required to tap into public sewage
- 12 park owned homes and 2 tenant owned homes
- Approx. 20 Miles from Downtown Pittsburgh
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present Rolling Hills Village, a value-add mobile home investment located in Buena Vista. The property consists of 27 lots across approximately 24.3 acres. The Park has 12 park-owned homes and 4 tenant-owned homes, with additional upside through infill and future expansion potential. The 27 lots sit on approximately 12 acres, leaving an additional 12.3 acres for future development. The community has received DEP and Elizabeth Township approvals to decommission the existing sewage treatment plant and install a new pump station capable of servicing up to 40 homes, significantly reducing annual operating costs from approximately $24,000 to an estimated $4,000 per year for sewage. Tenants are billed $50 per month for sewer service and also pay for their own water usage. Individual water meters are installed at each home. Strong rental location with a household median income of $125,000 per year. The property is within 8 miles of five hospitals and within commuting distance of Pittsburgh.
Property Facts
| Price | $1,706,712 CAD | Building Class | C |
| Price Per Unit | $63,212 CAD | Lot Size | 34.19 AC |
| Sale Type | Investment | Building Size | 1,500 SF |
| Cap Rate | 11.85% | Average Occupancy | 48% |
| No. Units | 27 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Manufactured Housing/Mobile Home | Parking Ratio | 10/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | Mobile home park | ||
| Price | $1,706,712 CAD |
| Price Per Unit | $63,212 CAD |
| Sale Type | Investment |
| Cap Rate | 11.85% |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 34.19 AC |
| Building Size | 1,500 SF |
| Average Occupancy | 48% |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 10/1,000 SF |
| Zoning | Mobile home park |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Ceiling Fans
- Grill
- Deck
- Family Room
- Lawn
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0997-H-00096-0000-00 | Improvements Assessment | $41,198 CAD |
| Land Assessment | $212,359 CAD | Total Assessment | $253,557 CAD |
Property Taxes
Parcel Number
0997-H-00096-0000-00
Land Assessment
$212,359 CAD
Improvements Assessment
$41,198 CAD
Total Assessment
$253,557 CAD
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Rolling Hills Village MHC | 1-27 Oak Dr
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