Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Listing ID: 15877
- Posted On: Aug 30, 2010
- Updated On: Feb 28, 2017
Description
Rare Opportunity....Broker Assisted FORECLOSURE AUCTION. Scheduled for Wednesday, September 29th. The 98.6% Occupied Manufactured Home Community located on 29.82 ± acres. The Property is comprised of 74 pad manufactured home sites, 12 unit mini storage building and a tenant occupied commercial building.
Paved Roads; Community Manager and easy Commute to Area Employment
See attached Flyer and Confidentialty Agreements- Please note a separately signed Confidentialty Agreement is required for Meadow Valley MHP and Valley Stream MHP
Location
Conveniently located along County Highway 11 just ~5-7 miles north of the City of Oneonta. The Property is located within 10 miles of an entrance ramp to Route 88 (exit 13) which provides for an easy commute to area employment and services. Oneonta is home to two 4-year academic institutions: The State University of New York at Oneonta, Hartwick College, the National Soccer Hall of Fame and Cooperstown All Star Village is a state of the art baseball facility. This facility located plays off of the notoriety of The National Baseball Hall of Fame (Cooperstown) which located within a ~20 miles to the NE
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 74 |
| Total Occupancy: | 98.6 % |
Financial Information
| Gross Income: | $230,368 |
| Operating Expense: | $88,818 |
| Net Operating Income: | $141,550 |
| Expense Ratio: | 38.6 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
