Mobile Home Park Details

  • Cap Rate: 7.5%
  • Listing ID: 1444385
  • Posted On: May 24, 2021
  • Updated On: Nov 13, 2023

Description

* New Price: $879,000
* 42 Site Park
* 29 Tenant-Owned Homes
* 13 Vacant Lots
* Well & Septic
* Pole Barn for Additional Rental Income
* 2 Miles from Colgate University

Location

* 2 Miles from Colgate University

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Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 68.2 %
Year Built: 1970
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $147,000
Operating Expense: $33,969
Net Operating Income: $66,231
Expense Ratio: 23.1 %

Utility Information

Water: Well
Sewer: Septic

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