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000 Saint Charles Pl 14 Unit Mobile Home Park $735,000 ($52,500/Unit) 7.50% Cap Rate New Castle, PA 16101

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INVESTMENT HIGHLIGHTS

  • Includes 14 single-family homes, offering immediate rental income potential with fully operational properties.
  • Situated on a 3.67-acre lot, providing ample space for future development or additional amenities.
  • Nestled in a picturesque area, adding appeal to the property for potential tenants.
  • Consists of 12 homes with 3 bedrooms and 1 bath each, plus 2 homes with 2 bedrooms and 1 bath each, catering to different tenant needs.
  • Zoned C1, allowing for a range of commercial and residential uses, enhancing flexibility for investment.
  • Offers a solid opportunity for investors looking for a comprehensive residential portfolio.

EXECUTIVE SUMMARY

Prime Investment Opportunity! This offering includes 14 single-family homes situated on a picturesque 3.67-acre lot. Among the homes, 12 feature 3 bedrooms and 1 bath, while 2 offer 2 bedrooms and 1 bath. Two paking lots on one on each side of property. Tenants pay all utilities! Don't miss this turnkey investment!

PROPERTY FACTS In Escrow

Price $735,000
Price Per Unit $52,500
Sale Type Investment
Cap Rate 7.50%
No. Units 14
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Apartments
Apartment Style Garden
Building Class C
Lot Size 3.67 AC
Building Size 1,200 SF
No. Stories 1
Year Built/Renovated 1970/1999
Parking Ratio 18.33/1,000 SF
Opportunity Zone Yes
Zoning C1 - Commercial

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
3+1 14 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-083100
Land Assessment
$14,200
Improvements Assessment
$143,600
Total Assessment
$157,800
  • Listing ID: 32902186

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 000 Saint Charles Pl, New Castle, PA 16101

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