Mobile Home Park Details
- Cap Rate: 4.0%
- Listing ID: 1717378
- Posted On: Jul 21, 2022
- Updated On: Feb 20, 2024
Description
*103 RV Sites with Full Service - Well Water, Septic, Electric (30 & 50 Amps). Town Water connected to Manager’s Home.
*Includes Club House, Pool, Cabana, and Playground.
*Includes 2002 Park Model and Manager’s Residence in front of the park with Town Water.
**Value add Property
*Pro-Forma based on transitioning park to an all-seasonal RV resort.
*Pro-Forma income is based on a $2,000 seasonal rate (below market) for 100 sites.
*Financials are from 2019
Location
*One Mile from Plattsburgh City Beach on the shores of Lake Champlain with majestic views of the Green Mountains of Vermont.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Year Built: | 1970 |
| Size: | 43 acre(s) |
Financial Information (Actual)
| Gross Income: | $60,424 |
| Operating Expense: | $38,707 |
| Net Operating Income: | $21,717 |
| Expense Ratio: | 64.1 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
