Address: 185 Mohawk School Rd, New Castle, PA 16102, USA
- 22 active rentals on MTM leases, 3 Park-owned homes with potential to add +/- 20 additional lots
- Rent includes a $62/month fee for sewage reimbursements; Tenants are responsible for their electric
- The owner currently handles common area landscaping and trash collection on
- 2 wells on the property, 6 and 8 inches, include a wellhouse and a public sewer
- The owner indicates that the current water infrastructure is sufficient to accommodate additional lots
Property Description
SCOPE is pleased to present the exclusive opportunity to acquire New Castle Estates, a mobile home community in New Castle, PA. The 33 units sit on an R3 (General Residential) zoning district and are not in a flood zone. Historically, the park has demonstrated consistent occupancy and its layout and infrastructure support efficient management, offering investors stable cash flow with the benefit of straightforward, low-maintenance operations. In addition to the in-place cash flow, the property presents a clear value-add opportunity through the potential development of +/- 20 additional pads. This expansion allows an investor to increase density and significantly enhance long-term returns. With strong fundamentals and future upside, this offering is well-suited for investors seeking both stability and
growth within the mobile home park sector.