Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 12.1%
  • Listing ID: 488398
  • Posted On: Dec 8, 2014
  • Updated On: Aug 12, 2015

Description

Belaire Mountain Estates is located in Delaware County, in the Village of Margaretville, New York. The community sits on 4.30 (+-) acres and features 16 lots (2 Vacant) and two garages. The park has paved roads, updated electric, two wells, city sewer, updated pump house with new pump and an on-site manager/maintenance person.
Conveniently located 200 feet from Route 28 & one mile from the Margaretville Main Street Commercial District.

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 92.0 %
Year Built: 1980
Average MH Lot Rent: $395
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $70
Operating Expense: $21
Net Operating Income: $48
Expense Ratio: 30.0 %

Lot Information

Singlewide Lots: 16

RV Information

Average RV Lot Rent: $395

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $715

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