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New Castle Estates 185 Mohawk School Rd 33 Unit Mobile Home Park For Sale New Castle, PA 16102
Investment Highlights
- Significant Value-Add Opportunity
- Stable In-Place Cash Flow
- Low-Maintenance Operating Structure
- Immediate Leasing Upside
- Strong Demand for Affordable Housing
- Expansion-Ready Infrastructure
Executive Summary
Horvath & Tremblay is pleased to exclusively present New Castle Estates, a 33-pad manufactured housing community located in New Castle, Pennsylvania. Situated on approximately 22.85 acres and zoned R-3 (General Residential), the property offers investors a stable cash-flowing asset with significant long-term expansion potential.
The community currently consists of 22 occupied lots, including three park-owned homes, and 11 vacant pads, providing immediate leasing upside. Beyond the existing operations, ownership has identified the potential to develop approximately 25 additional sites utilizing existing infrastructure, creating a compelling value-add opportunity to increase density and revenue.
With low-maintenance operations, public sewer service, private well infrastructure, and a growing demand for affordable housing throughout Western Pennsylvania, New Castle Estates offers investors the rare opportunity to acquire both stable in-place income and meaningful future growth within one investment.
The community currently consists of 22 occupied lots, including three park-owned homes, and 11 vacant pads, providing immediate leasing upside. Beyond the existing operations, ownership has identified the potential to develop approximately 25 additional sites utilizing existing infrastructure, creating a compelling value-add opportunity to increase density and revenue.
With low-maintenance operations, public sewer service, private well infrastructure, and a growing demand for affordable housing throughout Western Pennsylvania, New Castle Estates offers investors the rare opportunity to acquire both stable in-place income and meaningful future growth within one investment.
Property Facts
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 22.85 | Lot Size | 22.85 AC |
| No. Units | 33 | Building Size | 49,500 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1980 |
| Zoning | R3 | ||
| Sale Type | Investment |
| Gross Rent Multiplier | 22.85 |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 22.85 AC |
| Building Size | 49,500 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | R3 |
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Not walkable
10/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 26-093500 | Improvements Assessment | $115,300 |
| Land Assessment | $83,500 | Total Assessment | $198,800 |
Property Taxes
Parcel Number
26-093500
Land Assessment
$83,500
Improvements Assessment
$115,300
Total Assessment
$198,800
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