Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 12.0%
Listing ID: 425466
Posted On: Feb 19, 2014
Updated On: Feb 28, 2017

Description

Price Slashed by $100,000 generating a 12% Cap Rate. Originally listed at $750,000 LOCATION, LOCATION, LOCATION is the Key selling point for this 50 LOT Manufactured Home Community. Pleasant Valley is located along the north side of East Seneca Turnpike Road, just 2-3 miles east of the Interstate 481 and Interstate 81 entrance ramp. The City Center of Syracuse is located ~5 miles northwest of the property. The park is comprised of single-wide homes with a variety of ages; a stick built single family home and a storage garage. Pleasant Valley parcel is surrounded by Clark Reservation State Park. Complete Offering Package available upon request.

Location

Onondaga County is located in the central area of New York State. The name Onondaga means "People of the Hills" and is derived from the Native American culture. The subject property, Pleasant Valley is located in the Town of Dewitt (2010 census population-25,838). It is a suburb of the Syracuse bordering the city on its east side. The town is also the home to most of the campus and all of the academic buildings of Le Moyne College. The general area is comprised of single family homes, scattered commercial uses with interspersed agricultural areas. Onondaga County is located with the Syracuse, New York Metropolitan Statistical Area (MSA).

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