Mobile Home Park Details
- Cap Rate: 6.7%
- Listing ID: 1193026
- Posted On: Feb 20, 2020
- Updated On: Apr 7, 2020
Description
Great opportunity for a premier 55+ community with 39 land leased homes. Homes on the property selling for the $130,000+ and has an excellent resident group. There is a great community center that is over 4,000 sq ft with a library and social center for the residents. There's also a 6 stall garage that could be rented out for storage. With a very nice stick built home that is rented out for a modest $750. The acreage on the property is 131 acres and has a ton of room for growth. Attached is a preliminary map for the expansion plans. With this property being in immaculate condition, it provides a wonderful platform to keep developing!
Location
Excellent location in Oneonta, NY placed on 131 acres with room for major expansion!
Amenities
- Storage
- Club House
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 39 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1996 |
| Average MH Lot Rent: | $350 |
| Size: | 131 acre(s) |
Financial Information (Actual)
| Gross Income: | $152,977 |
| Operating Expense: | $61,245 |
| Net Operating Income: | $91,732 |
| Expense Ratio: | 40.0 % |
Lot Information
| Doublewide Lots: | 39 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $750 |
