Mobile Home Park Details

  • Cap Rate: 10.0%
  • Listing ID: 1411872
  • Posted On: Mar 23, 2021
  • Updated On: Oct 19, 2021

Description

* City Water and City Sewer at the property

* Water and Sewer are billed back to the residents

* 29 Sites

* Cap Rate 10.01%

* Long-term on-site property manager

*17 Acres

Location

Located east of Cooperstown & sourth of Albany

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Park Information

Number of MH Lots: 29
Total Occupancy: 90.7 %
Year Built: 1970
Size: 17 acre(s)

Financial Information (Actual)

Gross Income: $150,264
Operating Expense: $50,458
Net Operating Income: $91,896
Expense Ratio: 33.6 %

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

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