Colliers International has been retained as the exclusive advisor for the sale of Pennwood Estates located at 6800 Frogtown Road, Hermitage, PA 16148. The Property is a manufactured housing community made up of 48 home sites. The community offers the advantage of small-town living with the opportunities of a large city (Cleveland, OH and Pittsburgh, PA).
Opportunity to enjoy the benefits of forced appreciation and increased cash flow by renting vacant home sites
Achieve approximately 80% occupancy by the end of 36th month by renting 8 home sites per year
Currently 29% Occupied or 14 rented home sites
Major MSA’s are only 70 miles away or approximately 1 hour drive time
Walmart and other area shopping is only 11 minutes away
Rural living typically attracts long term residents
Well Water/Waste Water Treatment Plant
Individually metered and read by On-Site Manager
- Property Type
Office
- Property ID
1961730
