Rolling Hills Village - Mobile Home Park - 27 Oak Dr, Buena Vista, PA 15018

The Colliers Manufactured Housing Group is pleased to present the opportunity to acquire a 100% fee simple interest in Rolling Hills Village, a 27-lot mobile home community in Buena Vista (Elizabeth Township), Allegheny County, Pennsylvania. 

Located roughly twenty miles southeast of Pittsburgh’s CBD, Rolling Hills Village includes 27 developed lots with 8 Community-Owned Homes and the opportunity to develop Phase II on approximately 36 sites on 19 acres of excess land. Rolling Hills Village is located near highly rated golf courses such as Butler’s Golf Course and Youghiogheny Country Club and Buena Vista offers residents an affordable alternative to surrounding affluent neighborhoods. Allegheny County boasts of population of more than 930,000 and is one of ten counties in the South western Pennsylvania Commission that is projected to increase in population by 340,000 by 2040.

The property is located in South western Pennsylvania just 20 miles outside of Pittsburgh, along the northwest bank of the Youghiogheny river. The property also sits on the northern leg of the 350 mile, Great Allegheny Passage.

 
Investment Highlights
 

• Expansion: Potential to develop approximately 19 acres of excess land in Phase II with approximately 36 additional sites. 


• Increase Economic Occupancy: Opportunity to increase occupancy to 83% by increasing the property’s marketing budget and leasing up the office and staff units. 


• Utility Income: Opportunity to bill back 64% of utility expenses to residents in Year 1. 


• Reduce Expenses: Given the size of the property, the personnel line item and subsidized housing for staff and the on-site office can be eliminated as the property manager could adequately maintain and manage the property. 


• Additional Investment Opportunities: The seller also owns and is open to selling an additional 40 acres (with 50 undeveloped lots) and 400 acres of commercial land available for development with a waste water treatment plant licensed for 150 homes.