Mobile Home Park Details

  • Cap Rate: 6.3%
  • Listing ID: 1422546
  • Posted On: Apr 13, 2021
  • Updated On: Sep 21, 2021

Description

* Premier 55+ Community
* 39 Land leased homes
* Homes on property sell for $130,000+
* Excellent resident group-all over 55+.
* Great community center. Over 2,500 sq. ft. with a library and social center for residents.
* 6 Stall garage that could be rented out for storage.
* Very nice rented stick-built home.
* Paved Roads

Location

Located between Binghamton and Albany NY. Just 78 miles from Saratoga Springs, NY.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 40
Year Built: 1996
Average MH Lot Rent: $389
Size: 30 acre(s)

Financial Information (Actual)

Gross Income: $186,660
Operating Expense: $105,280
Net Operating Income: $81,380
Expense Ratio: 56.4 %

Utility Information

Water: Well
Sewer: Septic

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