Contact Information
Mobile Home Park Details
- Price: $2,650,000
- Cap Rate: 9.2%
- Listing ID: 5472273
- Posted On: Apr 29, 2024
- Updated On: Nov 22, 2024
Description
- 144 Acres with development potential
- 103 fully serviced Lots
- 73 Occupied, 44 Tenant Owned Homes, 30 Park Owned Homes and 29 vacant lots with full utilities
- Paved Roads
- Underground utilities, including natural gas throughout.
- Newly constructed water system
- Well Water - New Water system in 2018, supply pumps and filtration system & controls.
- Private Septic - 3 separate septic tanks and series of 5 sand filtered beds
- 100 Additional sites -- pre-approved (engineer stamp)by the NYS Health Dep for 100 additional sites.
Location
- Located in Jefferson County
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Park Information
| Number of MH Lots: | 103 |
| Total Occupancy: | 79.7 % |
| Size: | 144 acre(s) |
Financial Information (Actual)
| Gross Income: | $514,800 |
| Operating Expense: | $128,436 |
| Net Operating Income: | $244,899 |
| Expense Ratio: | 24.9 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
