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32729292
32729293

1 - 27 Oak Dr, Buena Vista, PA 15018

GU
PA RB068270
SVN | Three Rivers Commercial Advisors
JC
PA RM424399
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors
$1,200,000
19 days on market
Updated 11 days ago

Rolling Hills Village

Details
Property Type Multifamily, Mobile Home Park
Units 27
Cap Rate 11.85%
NOI $142,154
Occupancy 59%
Tenancy Multi
Year Built 1979
Acreage 24.300
Zoning R-2
Investment Type Value Add

Multifamily | 11.85% CAP | 27 Units

Marketing description

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.

Investment highlights

  • Tremendous Value-Add through increasing occupancy, adding lots and converting to public sewer to lower the sewage bill.
  • 12 park owned homes and 2 tenant owned homes
  • 10 homes are double wides and 2 single wides
  • Approx. 20 Miles from Downtown Pittsburgh
  • Buyer will be required to tap into public sewage

Listing Contacts

GU
PA RB068270
SVN | Three Rivers Commercial Advisors
JC
PA RM424399
SVN | Three Rivers Commercial Advisors
Listed by SVN | Three Rivers Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$142,154.00
$11,846.17/mo

Valuation Metrics

0
DSCR
11.85%
Cap Rate
11.85%
ROI

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Additional Information

Name
Grant Underwood
License
RB068270
Brokerage
THREE RIVERS COMMERCIAL ADVISORS LLC
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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