Contact Information
Mobile Home Park Details
- Price: $399,000
- Cap Rate: 8.1%
- Listing ID: 1564408
- Posted On: Nov 29, 2021
- Updated On: Oct 21, 2024
Description
* 20 Units
* 11 Tenant Owned Homes and 9 vacant lots (full hookups)
* Town Water
* Water meter upgraded to meet town requirements, allow for digital reading and annual backflow prevention testing
* Recent improvements to road and drainage
* Septic system regularly maintained to keep functioning properly
Location
*Located in Broome County Just South of Binghamton, NY
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Park Information
| Number of MH Lots: | 20 |
| Total Occupancy: | 55.0 % |
| Year Built: | 1970 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $94,868 |
| Operating Expense: | $19,999 |
| Net Operating Income: | $32,201 |
| Expense Ratio: | 21.1 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
