Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park
Photos of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 9.0%
  • Listing ID: 581140
  • Posted On: Nov 27, 2015
  • Updated On: Jun 30, 2016

Description

Good looking stabilized mobile home park directly across the street from Ft Drum Army base in the Watertown area of NY. The park is on city water, sewer, and trash, the resident pays these bills directly to the city, no sub-metering is done by the park owner. Roads are paved and in good condition. Park Lot rent is $325 per month and tenants pay all additional utilities on top of that rent. Only 3 park owned rentals and all 1990+ mobile homes in good condition. Good mgmt onside husband wife team. Low maintenance park with upside to fill 16 lots. Homes sell fast being next to the Army base. On 50 acres to expand park or develop other commercial property.

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Park Information

Community Type: All Age
Number of MH Lots: 81
Total Occupancy: 83.0 %
Year Built: 1981
Average MH Lot Rent: $325
Size: 50 acre(s)

Financial Information

Gross Income: $268
Operating Expense: $135
Net Operating Income: $133
Expense Ratio: 50.4 %

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $650

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