Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 12.5%
- Listing ID: 4288154
- Posted On: Jan 17, 2024
- Updated On: Jun 20, 2024
Description
20 lot mobile home park in Gouverneur with room to grow. This is an 11 acre property, 5 of which is currently occupied by 20 mobile home lots. This property is on Town of Gouverneur public water and sewer, so no need to deal with septic or wells!
6 of the homes are owned by tenants, and 5 are park-owned rentals. The remaining 9 trailers are on rent-to-own contracts, reducing the maintenance and bringing in additional income for the next 10 years.
Seller financing is available with 25% down.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 20 |
Total Occupancy: | 100.0 % |
Year Built: | 1982 |
Average MH Lot Rent: | $325 |
Size: | 11 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $135,000 |
Operating Expense: | $50,000 |
Net Operating Income: | $85,000 |
Expense Ratio: | 37.0 % |
Lot Information
Singlewide Lots: | 18 |
Doublewide Lots: | 2 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 6 |
Average Rent for Park-owned Homes: | $650 |