Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 9.1%
- Listing ID: 467984
- Posted On: Aug 29, 2014
- Updated On: Dec 1, 2017
Description
The subject property Widows Creek Mobile Home Community is located in Hudson, New York. Hudson is located along the west border of Columbia County and is about 38 miles from the Capital District of Albany. Widows Creek Mobile Home Community sits on 14 acres and is well maintained. The park has 21 manufactured home sites (fully rented), three rental homes (new construction) in progress of being built and 4 storage units. The community also has a stocked pond fed from Widows Creek. The park has three drilled wells and is only utilizes two at the moment. The parks infrastructure has been upgraded with new water and sewer lines throughout the park. The pump house has just been upgrade with a new pump and bladder tank. Septic system upgrades this year include a new tank, sand filter and 400’ of new sewer lines. Electric upgrades throughout the park. The owner is willing to stay on to maintain the water system and help around the park until new owner is up and running.
Location
Columbia County, New York
Park Information
Community Type: | All Age |
Number of MH Lots: | 21 |
Total Occupancy: | 100.0 % |
Year Built: | 1965 |
Average MH Lot Rent: | $405 |
Size: | 14 acre(s) |
Financial Information (Pro Forma)
Gross Income: | $148 |
Operating Expense: | $29 |
Net Operating Income: | $118 |
Expense Ratio: | 19.6 % |
Lot Information
Singlewide Lots: | 21 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |