Erie, Pennsylvania MHP
Mobile Home Park
Marketing description
Erie, Pennsylvania MHP
93% Occupancy | $474 Average Lot Rent | 82-Site Manufactured Housing Community
Berkadia Manufactured Housing is pleased to present The Erie, Pennsylvania MHP. This stabilized community offers differentiated rental income with 82 manufactured home sites and 72 storage units. In addition to the existing sites, there is an opportunity to develop the adjacent vacant land to accommodate approximately 40~ manufactured housing sites. Residents can enjoy an exceptionally maintained property with outstanding curb appeal. Additionally, water and sewer expenses are billed back to residents helping to decrease overall operating expenses. Furthermore, current in place rents are below market, providing an attractive opportunity for new ownership to capture upside through future rent increases. Overall, the Erie, Pennsylvania MHP presents the opportunity to acquire a turn-key asset with multiple income streams, operational efficiency and potential for immediate upside.
Learn more about this opportunity here: https://properties.berkadia.com/erie-pa-mhp-492415/?src=src4&pk_vid=4de98d990f8d727b1774449979f0fa17
Investment highlights
Stabilized, Turn-Key Asset
Diversified Rental Income | MH & Self-Storage
Exceptional Curb Appeal
Utilities Paid By Residents
Below Market Rents
Expansion Potential | Opportunity To Develop 40~ Additional Sites
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