Mobile Home Park Details

  • Cap Rate: 8.0%
  • Listing ID: 3344571
  • Posted On: Jul 10, 2023
  • Updated On: Nov 6, 2023

Description

Welcome to 2354 State Rte 26 in Maine, NY. This Mobile Home park is also known as Nanticoke Creek Park & it sits situated on 3 different parcels of land spanning 40+ beautiful acres. Nanticoke Creek Park includes a total of 91 lots, 76 mobiles which are independently owned, 1 on-site office, 1 mobile for storage & 15 vacant lots which can be potentially occupied by new mobile homes for expansion. This mobile home park has paved roads, 6 septic systems, 2 new sump pumps, & new main sewer lines. There is also a 2 family, and single family home located on this property, which were both newly renovated. These units are also fully occupied. Add this MHP to your investment portfolio or as a new investment opportunity today!

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Park Information

Community Type: All Age
Number of MH Lots: 91
Average MH Lot Rent: $360
Size: 40 acre(s)

Financial Information (Actual)

Gross Income: $371,220
Operating Expense: $127,301
Net Operating Income: $243,919
Expense Ratio: 34.3 %

Lot Information

Singlewide Lots: 69
Doublewide Lots: 7

Utility Information

Water: Well
Water Paid By: Tenant - Individual Service
Sewer: Septic

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