Contact Information
Mobile Home Park Details
- Price: $679,000
- Cap Rate: 9.8% (Actual)
- Listing ID: 2943584
- Posted On: May 18, 2023
- Updated On: Apr 9, 2025
Description
* 39 Sites - 33 Tenant-Owned Homes Plus 6 Vacant Lots with Full
Services at Sites (Value Add)
* Park Manager
* Well & Septic
* All roads have been recently regraded and added more stone
throughout the park and upgraded the drainage
* New Septic System installed on 1/20/2025
Location
* Located in Otsego County
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Park Information
| Number of MH Lots: | 39 |
| Total Occupancy: | 84.2 % |
| Year Built: | 1970 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $146,088 |
| Operating Expense: | $56,257 |
| Net Operating Income: | $66,791 |
| Expense Ratio: | 38.5 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
