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Plattsburg Mobile Home Park 77 Banker Road, Morrisonville, NY 12962

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.4% (Actual)
  • Listing ID: 3814593
  • Posted On: Oct 11, 2023
  • Updated On: Jul 11, 2024

Description

20 Pad Mobile Home Park and Duplex
19 Tenant Owned Homes
1 Park Owned Homes
Town Water and Septic
Duplex Rent: 1st Floor- $1250 and 2nd Fl- $1950
POH Rent- $1195
Average Lot Rent- $340

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $329
Size: 8 acre(s)

Financial Information (Actual)

Gross Income: $130,188
Operating Expense: $29,800
Net Operating Income: $100,388
Expense Ratio: 22.9 %

Lot Information

Singlewide Lots: 20

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $1,195

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