

Perry Lake Estates
11% Cap in Butler County, PA
Marketing description
Perry Lake Estates is a 22-site, all-tenant-owned home community located at 127 Holly Circle, Harmony, Pennsylvania, in Butler County. The property is approximately 30 miles north of Pittsburgh, offering investors a small, stable community with proximity to the greater Pittsburgh metro.
The property is currently 18 occupied, with 4 vacant sites that already have hookups in place, providing a clear opportunity for a new owner to increase income through infill.
Current lot rent is $450/month, with tenants also paying a $25/month sewer fee. Water is billed back to residents, helping offset utility expenses. The community is serviced by private utilities, including well water and a wastewater treatment plant.
Offered at $600,000, Perry Lake Estates offers attractive in-place cash flow, an approximate 11% cap rate based on $65k NOI, and upside through lease-up of the remaining vacant sites.
Investment Highlights
- 22 total sites
- Butler County location, approximately 30 miles north of Pittsburgh
- 18 occupied | 4 vacant sites
- All tenant-owned homes
- $450/month lot rent
- $25/month sewer fee
- Water billed back to tenants
- Private utilities: well water and WWTP
- NOI of $65,000
- Offered at $600,000 / 11% cap rate
Seller will not consider seller-financed offers.
Please submit offers to [email protected]
Investment highlights
Perry Lake Estates is a 22-site, all-tenant-owned home community located in Harmony, PA, approximately 30 miles north of Pittsburgh. The property offers attractive in-place cash flow at an approximate 11% cap rate, with additional upside through the lease-up of 4 vacant sites that already have hookups in place. With all homes tenant-owned, water billed back to tenants, and lot rent at $450/month, Perry Lake Estates presents a high-yield, lower-maintenance MHP opportunity in Butler County.
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