Photo of Mobile Home Park
Photo of Mobile Home Park
Office
Office
Photo of Mobile Home Park
Photo of Mobile Home Park
Interior Playground
Interior Playground
Public water directly across from the Entrance to the Park
Public water directly across from the Entrance to the Park
Photo of Mobile Home Park
Office
Photo of Mobile Home Park
Interior Playground
Public water directly across from the Entrance to the Park

Mobile Home Park Details

  • Cap Rate: 10.6%
  • Listing ID: 12954
  • Rockbridge Realty Group, Inc. ID: p4sale/elbridge-syracuse-ny-92+.htm
  • Posted On: Jun 2, 2010
  • Updated On: Feb 28, 2017

Description

Rare Investment opportunity to acquire a large Manufactured Home Community (101 Lots on the Permit) within Central NY State. Currently owned by an out-of-state owner, so this Community is "turn key" for an absentee owner. Established Community is set on 11.31 acres. Great cash flow with an opportunity for upside. Offering Package upon request. This one will not last.

Location

Rolling Hills MHP is located along US Route 5 in the Town of Elbridge (Onondaga County) approximately 1 mile east of the Village of Elbridge's commercial district. Onondaga County is located in the Syracuse, New York Metropolitan Statistical Area. The City of Syracuse, the fifth largest city in the NY State, is the principal city serving the central NY State metropolitan area and its airport is the largest in the region. Rolling Hills MHP is within ~10 miles of an interchange to the NYS Thruway.

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Park Information

Community Type: All Age
Number of MH Lots: 101
Size: 11 acre(s)

Financial Information

Gross Income: $297,689
Operating Expense: $128,602
Net Operating Income: $169,087
Expense Ratio: 43.2 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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