Mobile Home Park Details
- Cap Rate: 14.0%
- Listing ID: 1726990
- Posted On: Aug 4, 2022
- Updated On: May 3, 2024
Description
* Cap Rate 13.96%
* 12 Total Current Units
* Value Add Opportunity to Expand. The Property Sits on 35 Sprawling Acres
* Maintenance Person Lives Onsite
Location
Located in the Binghamton Metro Area.
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Park Information
| Number of MH Lots: | 12 |
| Total Occupancy: | 92.2 % |
| Year Built: | 1970 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $83,400 |
| Operating Expense: | $28,032 |
| Net Operating Income: | $48,868 |
| Expense Ratio: | 33.6 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
