Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash
Listing ID: 466319
Posted On: Aug 22, 2014
Updated On: Oct 1, 2015

Description

• Opportunity to acquire a 47 Site Community in the Greater Pittsburgh Area, whose regional economy has outperformed the national average for five years running.
• Value-Add Community - potential to dramatically increase returns by bringing in homes and increasing occupancy through a sales or rental program.
• City Sewer and Water with submetering installed: Tenants pay for Gas, Electric, Water, and Sewer.
• 15 Minutes to Pittsburgh International Airport and 40 Minutes to Downtown Pittsburgh.

Location

• Greater Pittsburgh is the largest population center in both the Ohio River Valley and Appalachia, with an economy renowned for its steel, glass and oil industries.
• Downtown Pittsburgh is home to several art museums, the Rivers Casino, the Pittsburgh Zoo, the Phipps Conservatory and numerous sporting events every year, including the Pittsburgh Vintage Grand Prix and Pittsburgh Three Rivers Regatta.
• 28,766 students attend the University of Pittsburgh, located 40 minutes from the property. It is also one of the largest employers in the area with 12,116 employees.
• Nearby retail includes the Green Garden Plaza and Aliquippa Shopping Center, both within 10 minutes of the property, and the Beaver Valley Mall, which houses over 100 stores and is a short 20 minute drive away.
• The Pittsburgh MSA’s unemployment rate of 4.7% in April 2014 was well below the national rate of 5.9%.
• Several large employers reside in the area, including the University of Pittsburgh Medical Center, employing 43,000, Giant Eagle Supermarket, employing 11,119, BNY Mellon, employing 7,600 and Westinghouse Electric, employing 5,600.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Get Financing