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Mobile Home Park Details

  • Price: $599,000
  • Listing ID: 6931776
  • Posted On: Jun 30, 2025
  • Updated On: Jun 30, 2025

Description

Mobile Home Park Investment Opportunity – Gouverneur, NY | (Projected) 10.24% Cap | Expansion Potential Come take a look at a cash-flowing mobile home park on 11 acres in Gouverneur, NY, originally established in 1975.​ This value-add opportunity features stable income, public utilities, and a significant expansion upside.​ With a projected Cap Rate at 10.24%, opportunity is there! The park currently is at an occupancy rate of 65% (vacancy rate 35%).​ There are 20 Total Manufactured Homes at this time – 12 park-owned, 6 tenant-owned, 2 vacant.​ Property also features more acres in rear, zoned for development.​ Land has been cleared in the past, but sits relatively flat, and ready for expansion.​ The highlight is Public Water & Sewer is connected already, and provides a convenient utility year round, directly to the park.​ Park is located in extremely close Proximity to Fort Drum – expanding tenant demand and regional stability Public sewer and water truly are a huge asset to the park, and it also features long term tenants who have over 20+ years experience living in this location.​ The park is in a quiet, rural setting, but also in a prime location only a short drive to Fort Drum, a major employer and population center.​ Financials & Rent Roll Available Upon Request.​ Ideal for investors seeking strong yield and long-term appreciation.​ Serious inquiries only

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