43-Site Manufactured Housing
For Sale
Contact for pricing
156 Maple Grove Cir, Franklin, PA 16323
Manufactured housing community with income growth potential in Franklin, Pennsylvania.
Property SizeContact for details
Lot Size14.00 Acres
Days on Market168
Property Features for 156 Maple Grove Cir
General Information
Standard status
Active
Lot size
14.00 Acres
Property subtype
Mobile Home Park
Building Details
Units
43
Listing Agency:
Sunstone Real Estate Advisors
Listed By:
Kolman Bubis · License #471.001148
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunstone Real Estate Advisors
Investment Insights
Based on property information with market context.
Rocky Ridge Village is a 43-site manufactured housing community located in Franklin, Pennsylvania. Situated on nearly 14 acres, the property includes 23 resident-owned homes, 17 community-owned homes, and 3 vacant lots. Twelve of the community-owned homes are structured as owner-financed agreements. Lot rents are up to $332 per month, below the $391 average of competing communities. The community is operating at 93% physical occupancy and 90% economic occupancy. There is infill potential through the three vacant sites, and an additional vacant home can be re-tenanted. Pro forma financials project combined NOI growth from $91,958 to $138,633 by Year 3. The property is offered at $1,750,000, or $40,697 per site, presenting an entry point into the Pennsylvania market. The property is located in Venango County.
Key Highlights
- Value‑add opportunity through infill of 3 vacant lots and optimization of community‑owned homes.
- Significant rental growth potential due to below‑market lot rents ($332 vs. $391 average).
- Strong in‑place occupancy: 93% physical and 90% economic occupancy.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
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Business Placement
Demographics for 16323, PA
15,116
Population
7,088
Households
2.1
Avg Household Size
47
Median Age
23%
College-Educated
93%
High-School Grad
100.0 sq mi
ZIP Area
151
Density / Sq Mi
$62,233
Median Household Income
$35,566
Median Earnings
$762
Median Rent
$120,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Manufactured housing community with income growth potential in Franklin, Pennsylvania.
Where is this mobile home & rv park located?
The property is located at 156 Maple Grove Cir Franklin, PA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Value‑add opportunity through infill of 3 vacant lots and optimization of community‑owned homes.; Significant rental growth potential due to below‑market lot rents ($332 vs. $391 average).; Strong in‑place occupancy: 93% physical and 90% economic occupancy.
