Mobile Home Park Details

Purchase Method: New Loan
Cap Rate: 12.0%
Listing ID: 72304
Posted On: Jun 3, 2011
Updated On: Feb 28, 2017

Description

126 Lot Manufactured Home Community with Public Water and Sewer. 12% Cap Rate with Upside. Great cash flowing MHP Investment Property $$$ located within the City of Lackawanna, NY (near Buffalo, NY). Strong MHC Rental Market. Manufactured Home Communities of this size do not hit the market that often......Here is your opportunity. Email for Complete Offering Package. Excellent UPSIDE

Location

Erie County is located along the western border of NY State and on the eastern shores of Lake Erie. Shamrock Manufactured Home Park is located in the City of Lackawanna (2010 census population-18,141). The City of Lackawanna is part of the Buffalo-Niagara Falls metropolitan area. The city of Lackawanna is in the western part of Erie County and the City of Buffalo is located ~5 miles to the northwest. Buffalo, the second largest city in the State of NY, is the principal city of the Buffalo-Niagara Falls metropolitan area and serves as the county seat. The city itself has a population of 261,310 (2010 Census), and the metropolitan area 1,215,826 (2010 Census).

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