Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Purchase Method: Cash
- Listing ID: 1615441
- Posted On: Mar 3, 2022
- Updated On: Sep 14, 2022
Description
12 lot rentals, 1 park owned cottage, gross rents = 90K/yr., expenses = $45,600/yr. per forma rents = $109K/yr, 1.5 acres.
Location
dutchess county, ny
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 13 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $650 |
| Size: | 2 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $109,000 |
| Operating Expense: | $45,600 |
| Net Operating Income: | $63,400 |
| Expense Ratio: | 41.8 % |
| Debt Info: | 400K |
Lot Information
| Singlewide Lots: | 12 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $1,300 |