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

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