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Ball's Mobile Home Park 140 East Front Street, Addison, NY 14801

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Mobile Home Park Details

  • Purchase Method: New Loan
  • Listing ID: 107247
  • Posted On: Oct 22, 2011
  • Updated On: Mar 25, 2013

Description

Nice Park with plenty of open area, features 27 pad sites situated on 7.10 acres with 14 park-owned homes. Upside includes raising the pad rent (has not been raised in 4 years), refurbishing the two vacant park-owned homes, filling the two vacant pad sites, submetering water/sewer and expanding the park.

Please call or email Sherm Hill for additional information: 410-529-8187/ hillsherman@msn.com

Location

Park is located off the main road behind the new Post Office in Addison, New York. Addison is 7 miles northwest of Corning, New York near the new Corning Glasswork Plant.

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Park Information

Community Type: All Age
Number of MH Lots: 27
Total Occupancy: 85.0 %
Year Built: 1960
Average MH Lot Rent: $295
Size: 7 acre(s)

Financial Information (Pro Forma)

Gross Income: $106,890
Operating Expense: $72,038
Net Operating Income: $34,852
Expense Ratio: 67.4 %
Debt Info: N/A

Lot Information

Singlewide Lots: 27
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 14
Average Rent for Park-owned Homes: $295

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