Executive Summary
Berkadia Manufactured Housing is pleased to present The Erie, Pennsylvania MHP. This stabilized community offers differentiated rental income with 82 manufactured home sites and 72 storage units. In addition to the existing sites, there is an opportunity to develop the adjacent vacant land to accommodate approximately 40~ manufactured housing sites. Residents can enjoy an exceptionally maintained property with outstanding curb appeal. Additionally, water and sewer expenses are billed back to residents helping to decrease overall operating expenses. Furthermore, current in place rents are below market, providing an attractive opportunity for new ownership to capture upside through future rent increases. Overall, the Erie, Pennsylvania MHP presents the opportunity to acquire a turn-key asset with multiple income streams, operational efficiency and potential for immediate upside.
Investment Highlights
1
STABILIZED, TURN-KEY ASSET
2
DIVERSIFIED RENTAL INCOME | MH & SELF-STORAGE
3
EXCEPTIONAL CURB APPEAL
4
UTILITIES PAID BY THE RESIDENTS
5
BELOW MARKET RENTS
6
EXPANSION POTENTIAL | OPPORTUNITY TO DEVELOP
40~ ADDITIONAL SITES
The Location
Erie, PA MSA
Erie, Pennsylvania is a small lakeside city in the northwestern corner of the state, situated on the shores of Lake Erie near the Ohio and New York borders. Historically a manufacturing and transportation hub, it’s been transitioning toward a more diversified economy with healthcare, education, and light manufacturing playing larger roles. The city is anchored by institutions like Gannon University and UPMC Hamot, with Presque Isle State Park and the waterfront serving as key recreational and tourism draws. From a multifamily perspective, Erie is generally a stable, lower-cost market with predominantly workforce housing and modest rent levels compared to larger Pennsylvania metros.
Erie, PA RANKINGS
#2
Best Places for Young Professionals in the County
Niche, 2025
#3
Best Places to Live in Pennsylvania
U.S. News & World Report, 2025
#27
City with the Lowest Cost of Living in America
Niche, 2025
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Contact Us
PHILADELPHIA OFFICE
1717 Arch St
Suite 1410
Philadelphia, PA 19103
Investment Sales
Kevan Enger
Senior Managing Director
407.494.8541
[email protected]
Ian Hilpl
Managing Director
315.406.0900
[email protected]
Brian Hummell
Director
614.468.5773
[email protected]
Hunter LaRocca
Director
407.227.9643
[email protected]
Broker of Record
PA Broker of Record
RICHARD BRACE
#RB067846
Erie, Pennsylvania
MHP
82-Site Manufactured Housing Community
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2026 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.