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29310032
29310031

231 Locust Ln, Woodland, PA 16881 For Sale

ZS
IL 475174992
Sunstone Real Estate Advisors
Listed by Sunstone Real Estate Advisors
Unpriced
180 days on market
Updated 5 days ago

Bradford Heights

Details
APN 1060M0800000056; 1060M0800000047; 1060M080000056DW01
Property Type Multifamily
Sub Type Apartment Building
Units 134
NOI $96,048
Occupancy 19%
Year Built 2000
Acreage 131.020
Parking Spaces 2 spaces
Investment Type Value Add

Multifamily | 134 Units

Marketing description

Bradford Heights offers a compelling opportunity to acquire a value-add manufactured housing community with significant infill and expansion potential in Woodland, Pennsylvania, located in Clearfield County approximately 45 minutes northwest of State College and two hours northeast of Pittsburgh. The property lies within the Marcellus Shale, a major natural gas–producing region supplying low-cost energy and driving investment and job growth as power-intensive AI data centers and related industries expand. The community includes 134 developed lots across 50 acres, with total ownership of 131 acres, and is serviced by public water and an on-site wastewater treatment plant with additional capacity.

The asset presents meaningful upside for a well-capitalized buyer, with occupancy at approximately 19% across 26 sites, all are tenant-owned homes except one park-owned rental. Vacant lots are fully stubbed for utilities with new homes requiring utility laterals. Average lot rent is $306 per month with room for growth, and the seller is open to creative deal structures, including joint ventures, presenting an attractive opportunity to infill the community and create long-term value.

Investment highlights

  • 134 MH sites - Woodland, Pennsylvania (Clearfield County) - 45 minutes to State College
  • Seller is open to creative deal structures, including partnership-oriented arrangements
  • Public water, direct billed to residents, and WWTP servicing all existing sites with additional capacity
  • 19% occupancy and $306 average lot rent - tremendous opportunity to infill new homes to drive occupancy and improve the community
  • All vacant lot have w/s/e to each site and there is additional land for long-term expansion potential

Listing Contacts

ZS
IL 475174992
Sunstone Real Estate Advisors
Listed by Sunstone Real Estate Advisors

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Loan Amount
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$96,048.00
$8,004.00/mo

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