Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Aireal
Aireal
Entrance into Community
Entrance into Community
Wooded Roadway leading to Community
Wooded Roadway leading to Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Aireal
Entrance into Community
Wooded Roadway leading to Community

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 373901
  • Posted On: Jun 3, 2013
  • Updated On: Feb 28, 2017

Description

PRICE SLASHED BY $50,000. ($749,000 to $695,000). WILL NOT LAST!!! Finally an Opportunity to acquire a Manufactured Home Community within the Highly Sought after Albany Market. Established Community is licensed for 33 Lots and set on 9.4 acres. Great cash flow with an opportunity for upside. On-Site Community Manager. Offering Package upon request. This one will not last.

Location

Columbia County is in the eastern part of New York State, southeast of Albany and immediately west of the Massachusetts border. The western border is the Hudson River. The terrain is gentle, rolling hills, rising sharply into the Taconic and Berkshire Mountains along the state line. The subject property, Rolling Hills MHP, is located within the Town of Ghent (2010 census population-5,402). The Town of Ghent is centrally located in the county. Ghent is northeast of the City of Hudson, the county seat. The general area is comprised of many historic towns and villages with interspersed agricultural areas and commercial uses. The City of Hudson’s commercial district is within ~10 miles of the of the subject property. Columbia County largest employers include Columbia Memorial Hospital (Hospital; Hudson); Taconic Farms, Inc (Breeder of Laboratory Animals; Hudson/Germantown); Hudson City School District (Educational Programs; Hudson); COARC (Human Services; Claverack) and Kaz Inc. (Electric Housewares and Fans; Hudson).

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Park Information

Community Type: All Age
Number of MH Lots: 33
Total Occupancy: 84.0 %
Average MH Lot Rent: $350
Size: 9 acre(s)

Financial Information (Pro Forma)

Gross Income: $126,000
Operating Expense: $45,005
Net Operating Income: $71,835
Expense Ratio: 35.7 %

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 2
Average Rent for Park-owned Homes: $535

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