Mobile Home Park Details
- Listing ID: 972008
- Posted On: Jul 23, 2018
- Updated On: Oct 16, 2018
Description
Capstone Manufactured Housing is pleased to present Hillcrest East Mobile Home Park: a 46-site community located in Oswego, New York. This park presents a well-located asset with multiple operational value-add possibilities, including lot rents below submarket rates as well as the ability to recapture utility expenses. Additionally, there is an opportunity to implement scheduled annual rental increases as there has only been one $15 rental increase in the past 8 years. The property is well-located less than 15 minutes from downtown Oswego, home to the Port of Oswego on the southeastern shore of Lake Ontario which handles more than a million tons annually.
Investment Highlights
Opportunity to Raise Rents
Utility Recapture Possibilities
Diverse Local Economy
Download Offering Materials: http://capstoneapts.listinglab.com/HillcrestEastMobileHomePark/index.cfm
Park Information
Community Type: | All Age |
Total Occupancy: | 83.0 % |
Year Built: | 1970 |
Size: | 34 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |