Mobile Home Park Details
- Cap Rate: 7.6%
- Listing ID: 1386375
- Posted On: Jan 29, 2021
- Updated On: May 28, 2021
Description
*18 Tenant Owned Homes
*1 Vacant Lot
*8.28 Acres
*10 Septic systems supporting the homes
*2 Onsite Wells
*Arlington Central School District
*Majority of owners have been there for 10+ years
*Ages of the homes vary from original to the park up to 2017
*Contracted park repairs and snow removal by a tenant
Location
Just off Gidley Road. In the town of Pleasant Valley.
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Park Information
| Number of MH Lots: | 19 |
| Total Occupancy: | 94.5 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $746 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $159,220 |
| Operating Expense: | $58,091 |
| Net Operating Income: | $94,360 |
| Expense Ratio: | 36.5 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
