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Mobile Home Park Details

Purchase Method: Assumable Loan
Listing ID: 537382
Posted On: May 28, 2015
Updated On: Feb 28, 2017

Description

This is a package of 3 Manufactured Home Communities (Amity Properties, Angelica Mobile Estates and Ripley MHP) for a total price of $749,500. The Price for Angelica Mobile Estates, if purchased individually, is $220,500 which includes a 5% premium. Angelica Mobile Estates is a 12 Lot Manufactured Home Community with 1 vacant lot; 12% cap rate (Cap Rate on Lot Rent only); Public Water-billed directly to the Residents; Professionally Managed and 7 Park Owned Rental Homes. Private Financing. PRICED TO SELL. The subject property is conveniently located along East Main Street within the Village of Angelica, just off Exit 31 of the Southern Tier Expressway (I-86). Angelica Mobile Estates is comprised of 12 manufactured home sites and a stick built shop/garage. Land improvements consist of gravel interior roadways/driveways off paved municipal roadways; buried/overhead electric and natural gas. Offering Package Available. This is the parks you have been waiting for….will not last!!!

Location

Allegany County is located in the area of New York State known as the “Southern Tier.” Angelica Mobile Estates is situated in the Village of Angelica. Dubbed the "Town where History Lives," Angelica is home to a number of antique shops which attracts shoppers from throughout the state. This small Village is nestled in the hills of Allegany County, part of the Appalachian Mountain foothills and is also home to the Allegany County Fair Grounds. The downtown reminds many visitors of the New England they remember from generations ago. The Village was the first community in the Allegany County frontier lands of early 1800's and retains much of its original layout. Angelica offers a nice walking area and with low traffic volumes it is a safe area to walk and bicycle. Benches are available along Main Street and in the Park Circle to rest and soak in the small town ambiance. Many of the one hundred year old buildings in the historical district are on the New York or federal register. The Town of Angelica, which is the oldest town in Allegany County.

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