Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 13.7%
Listing ID: 385588
Posted On: Jul 10, 2013
Updated On: Feb 28, 2017

Description

35%+ CASH on CASH RETURN....WILL NOT LAST...PRICED TO SELL. Near Fort Drum Army Base. Public Water billed directly to the Residents from the Municipality. Jolly K Manufactured Home Park is licensed for 26 Lots. The subject property is located along a main traffic corridor and ~35 miles north of the City of Watertown. The homes are serviced by two separate gravel roadways (one roadway off US Highway 11 and one roadway off Dodds Road). Ease of Ownership with an On-Site Community Manager. Upside potential. Complete Offering Package Available. (No Seller financing)

Location

Jolly K is located along U.S. Route 11 in the Town of Gouverneur just north of the Village of Gouvenuer. This historic community, founded in 1805, is nestled between the foothills of the majestic Adirondack Mountains and the bustling Thousands Islands of the St. Lawrence River.
The subject property is accessible off exit 49 of an interchange to Interstate 81 (I-81). The proximity of I-81 provides access to Watertown and surrounding communities and enables the Town of Governeur to be a bedroom community for the residents working in Watertown and Fort Drum. A day trip of an hour and a half will bring you to Lake Placid, home of the 1980 Winter Olympics. Just an hour and half north is Ottawa, the cultural and political capital of Canada. The nearby Adirondack Mountains offer recreational opportunities.

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