Foote Real Estate
Acquisitions / Investments / Property Management
P: (717) 885-8686
F: (717) 814-3138
Selling your mobile home park or apartment community? Tell us about it!

Current Opportunities



 

For information about current opportunities please contact Steve Foote at steve@foote-realestate.com

 

Recent Transactions                                                                                                                                                                                                       

3/15/16  Foote Real Estate is pleased to report the closing of Liberty Acres Mobile Home Community in Grove City Pennsylvania: This acquisition adds 22 lots to the portfolio and was part of a package deal. The primary objective is to bring the current rents to market level and subdivide and sell the unused land. Grove City is approximately 60 miles north of Pittsburg and has a population of 8,193 within the Youngstown-Warren-Boardman Metro Area population of 565,773. Grove City’s median home price is $138,100 and it’s average three bedroom apartment rent is $790. This has resulted in a shortage of affordable housing in the area. Vacant housing in Grove City is only 5.26% with the national average being 12.45%. Liberty Acres is 3 miles from Walmart yet offers a country setting sitting on 46 acres. This area has an extremely recession resistant economy with the top 10 employers being General Electric Co., Sharon Regional Health System, State Government, UPMC Horizon, Wal-Mart, FNB Corporation, George Junior Republic Inc school, NLMK Pennsylvania/Duferco Farrell, John Maneely Co, and Grove City College.

GoogleEarth_Image

3/15/16  Foote Real Estate is pleased to report the closing of Parkview Mobile Home Community in Grove City Pennsylvania: This acquisition adds 38 lots to the portfolio and was part of a package deal. The primary objective is to bring the current rents to market level and fill 4 vacant lots. Grove City is approximately 60 miles north of Pittsburg and has a population of 8,193 within the Youngstown-Warren-Boardman Metro Area population of 565,773. Grove City’s median home price is $138,100 and it’s average three bedroom apartment rent is $790. This has resulted in a shortage of affordable housing in the area. Vacant housing in Grove City is only 5.26% with the national average being 12.45%. Parkview is less then 1 mile from Walmart and sits on Main St. in Grove City. This area has an extremely recession resistant economy with the top 10 employers being General Electric Co., Sharon Regional Health System, State Government, UPMC Horizon, Wal-Mart, FNB Corporation, George Junior Republic Inc school, NLMK Pennsylvania/Duferco Farrell, John Maneely Co, and Grove City College.

GoogleEarth_Image (1)

8/20/13  Foote Real Estate is pleased to report the closing of Reisinger’s Mobile Home Community in Dover Pennsylvania: This acquisition adds 44 lots to the portfolio. The primary objective is to bring the current rents to market level and fill 1 vacant lot. Dover has a population of 21,383 within the York-Hanover Metro Area population of 442,867. Dover’s median home price is $143,700 and it’s average three bedroom apartment rent is $1,130. This has resulted in a severe shortage of affordable housing in the area. The unemployment rate is 4.9% which is below the national average of 5.20%. Vacant housing in Dover is only 3.83% with the national average being 12.45%. Reisinger’s MHP is 4 miles from Walmart and shares a property line with the Dover Township park. This area has an extremely recession resistant economy with its top ten employers being York Hospital, US Federal Government, York County, Wal-Mart, Giant Food, Wellspan Medical Group, Harley Davidson Motor Co Operations, Utz Quality Foods Inc, Wellspan Health, and ES3 LLC.

Aerial View of property

 

 


×
Menu