Contact Information
Mobile Home Park Details
- Price: $1,490,000
- Cap Rate: 8.7%
- Listing ID: 1661983
- Posted On: May 5, 2022
- Updated On: Nov 5, 2024
Description
Three Park Portfolio Located in the Capital District
*50 Total Units
*39 total Tenant Owned Homes, 2 Park Owned Homes, 6 total Vacant Lots
*3 Unit Stick Built Apartment
*All Currently on Septic and Well - two parks with potential to connect public sewer (seller to give $25,000 concession at closing for Lorden Heights hook up)
*Total of 26.97 acres
Elsie's Way Investment Summary- Rensselaer County
•1-21 Elsie Way, Pittstown NY 12180
*Saratoga Springs Market
*16 Units
*12 Tenant Owned Homes
*1 Park Owned Home
*3 Vacant Lots
*Well & Septic
*2.57 Acres
Overlook Park Investment Summary- Fulton County
•123 Hey Day Lane, Mayfield NY 12117
*Saratoga Springs Market
*14 Units
*8 Tenant Owned Homes
*3 Vacant Lots
*3-Unit Stick Built Apartments
*18 Acres
*Overlooking Great Sacandaga Lake
*Will be able to hook up to town sewers within the year
Lorden Heights Investment Summary- Fulton County
•158 Bellen Rd., Broadalbin, NY 12025
*Saratoga Market
*20 Sites
*19 Tenant Owned Homes and 1 Park Owned Home
*Well & Septic
*Seller to give $25,000 concession at closing for sewer hook up. *Paved Road
*6.4 Acres
Park Information
| Number of MH Lots: | 50 |
| Total Occupancy: | 88.1 % |
| Size: | 27 acre(s) |
Financial Information (Actual)
| Gross Income: | $277,920 |
| Operating Expense: | $115,324 |
| Net Operating Income: | $129,476 |
| Expense Ratio: | 41.5 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
