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Rolling Hills Village MHC 1-27 Oak Dr 27 Unit Mobile Home Park $1,651,296 CAD ($61,159 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, 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 manufactured Housing 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 approximately12 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. Strong rental location with a household median income of $125k / year. The property is within 8 miles of 5 hospitals and commuting distance to Pittsburgh.
Property Facts
| Price | $1,651,296 CAD | Building Class | C |
| Price Per Unit | $61,159 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 | $1,651,296 CAD |
| Price Per Unit | $61,159 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 | $40,044 CAD |
| Land Assessment | $206,412 CAD | Total Assessment | $246,456 CAD |
Property Taxes
Parcel Number
0997-H-00096-0000-00
Land Assessment
$206,412 CAD
Improvements Assessment
$40,044 CAD
Total Assessment
$246,456 CAD
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Rolling Hills Village MHC | 1-27 Oak Dr
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