Property History
Colliers Manufactured Housing Group is pleased to offer the opportunity to acquire a 100% fee simple interest in three property, 272-site, mobile home community portfolio located in western Pennsylvania. The Asking Price for the portfolio is $4,500,000.
FOR OFFERING MEMORANDUM, PLEASE SEE DUE DILIGENCE FOLDER
Pine Grove: 374 N Perry Hwy, Mercer, PA 16137
On-site well system
Public Sewer
Village Acres: Village Acres Drive, Clintonville, PA 16372
Public Water
Public Sewer
Greenville Acres: 347 Hadley Rd, Greenville, PA 16125
On-site well system
On-site sewer plant
- All three communities are primary affordable housing option in their respective towns.
Upside in revenues by increasing utility reimbursement rates to market.
- $34,102 by increasing utility reimbursements to 90% at Pine Grove and Village Acres
- $208,229 from increasing occupancy from 51% to 71% by renting or selling in-place vacant POHs
- $243,079 by increasing occupancy to 95% through the leasing of vacant lots
Stand-alone former Rite Aid located on a corner lot with plenty of onsite parking. 7,196 SF building Zoned C-2 General allowing for a number of uses including retail sales, personal & health establishments, grocery stores, professional offices and much more
Former Rite Aid
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Property Details
Contacts
Map
Comparable Properties
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