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Mobile Home Park Details

  • Price: $950,000
  • Cap Rate: 11.5%
  • Listing ID: 6717381
  • Posted On: Sep 4, 2024
  • Updated On: Sep 11, 2024

Description

- This property sits on 2.56 acres of land in Saratoga County. There are 17 total units
- 10 Park Owned Homes, a small house, and 6 Tenant Owned Homes.
- The property is well maintained and has an onsite manager who cares for the property.

Location

- This property is 4.7 Miles from Skidmore College
- 5.0 Miles Exactly to Saratoga Springs City Center!
- 5.4 miles to Saratoga Race Course
- 5.7 Miles to Saratoga Regional YMCA
- 1.8 Miles to McGregor Links Country Club

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Park Information

Number of MH Lots: 17
Total Occupancy: 100.0 %
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $146,065
Operating Expense: $36,626
Net Operating Income: $109,439
Expense Ratio: 25.1 %

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