Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 11.0%
Listing ID: 373412
Posted On: May 29, 2013
Updated On: Feb 28, 2017

Description

30% CASH ON CASH RETURN....GREAT CASHFLOW....WILL NOT LAST with a 11% CAP RATE. Public Water and Public Sewers service this Manufactured Home Community. Falconer Village is licensed for 61 Lots plus a Two-Bedroom Apartment. The subject property is located off East Elmwood Avenue, a residential road within the Village of Falconer. Ease of Ownership with an On-Site Community Manager. The homes are serviced by a paved asphalt roadway; paved/gravel driveways; natural gas and overhead exterior lighting. Complete Offering Package Available.

Location

Chautauqua County is located in the area of New York State known as the Southern Tier. Falconer Village is situated in the Village of Falconer (Town of Elliott). The Town of Elliott has a median income per household of $39,333 and a median income per family of $47,813. The neighborhood is generally defined as residential to the west and east. Located directly to the southeast are large industrial facilities (employment centers). One of these industrial users is the Truck-lite corporate headquarters. Truck-lite manufactures visibility systems to the heavy duty truck, trailer and commercial industries. Falconer is on the eastern edge of the City of Jamestown. Nearby Chautauqua Lake is a fresh water resource enjoyed by fishermen, boaters and naturalists. Chautauqua Institution is approximately 20 miles away, offering music, theater, educational classes and lectures for 9 weeks during the summer.