Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.5%
- Listing ID: 467983
- Posted On: Aug 29, 2014
- Updated On: Aug 26, 2016
Description
Shey Village is a small park with 7 occupied
sites and an eighth site ready for utilities. The
park sits on four plus acres and could
accommodate some expansion. Shey Village
has paved roads and the park has been well
kept with no deferred maintenance. Well house
has been recently updated with new tanks. Shey
Village has no park owned homes. This park
would be a great investment for a first time buyer
or a seasoned investor that is looking to
increase their portfolio with a clean park with
some upside in rental increases.
Location
Broome County, New York
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $250 |
| Size: | 5 acre(s) |
Financial Information (Actual)
| Gross Income: | $21 |
| Operating Expense: | $11 |
| Net Operating Income: | $9 |
| Expense Ratio: | 52.4 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |