Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 57.7%
  • Listing ID: 1499847
  • Posted On: Aug 19, 2021
  • Updated On: Nov 24, 2021

Description

This trailer park in Alpine, NY has 16 sites being rented and has another 5 available. Each trailer is privately owned. Because of this, specific details of each unit are not known and not disclosed. Financial information is available upon request by pre-qualified Buyer. The property has eight septic tanks and shares three wells.

Location

Rural, country setting on 23.79 acres. This is partially wooded with room for my mobile homes to be installed. 100% of the mobile units are occupied.

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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 76.0 %
Average MH Lot Rent: $300
Size: 24 acre(s)

Financial Information (Actual)

Gross Income: $57,600
Operating Expense: $24,334
Net Operating Income: $33,266
Expense Ratio: 42.2 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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