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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