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Mobile Home Park Details

  • Price: $699,000
  • Purchase Method: Cash, New Loan
  • Listing ID: 6700363
  • Posted On: Aug 21, 2024
  • Updated On: Aug 28, 2024

Description

An exceptional investment opportunity in Jamaica, VT, featuring a mobile home community with 1300 +/- feet of picturesque West River frontage! This unique property includes 22 mobile home pads, with 20 currently occupied, providing a steady income stream. 19 seasonal pads and3 year round. Nestled right on the banks of the serene West River, residents enjoy unparalleled access to the natural beauty and recreational opportunities it offers. The park is conveniently located near both Stratton and Mount Snow ski areas, making it an ideal location for those who love outdoor adventures year-round. Many tenants usetheir homes as a base for skiing in the winter and fishing in the river during the summer months. Each residence can enjoy the park for 6 months out of the year used however they wish, spring, summer, fall, or winter. Don't miss out on this rare opportunity to own a piece of Vermont's natural beauty while benefiting from a thriving mobile home community. The West River Park offers a compelling blend of location, convenience, and recreational appeal.

Location

Resort (Near Stratton Mountain and Mount Snow)

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Park Information

Community Type: All Age
Number of MH Lots: 23
Year Built: 1989
Average MH Lot Rent: $291
Size: 4 acre(s)

Financial Information (Pro Forma)

Gross Income: $70,764
Operating Expense: $21,972
Net Operating Income: $48,792
Expense Ratio: 31.0 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Sewer: Septic

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