Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Cap Rate: 15.7%
- Listing ID: 979158
- Posted On: Aug 16, 2018
- Updated On: Nov 6, 2018
Description
Beautiful park-like setting on the main highway to town. Located in upstate NY in the small community of Gouverneur. Less than 30 miles each direction from a college town and the Army Base of Fort Drum. The Zinc mines have just reopened and created a larger demand for housing.
This property has a third less taxes because it is just outside the Village and a good saving for the buyer--Municipal water paid by each tenant/resident.
Most of the residents have lived on the property over 10 years.
Owner will Carry with minimum 75,000 down for maximum 20 years with the very competitive interest rate of 6%
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | All Age |
Number of MH Lots: | 20 |
Total Occupancy: | 65.0 % |
Average MH Lot Rent: | $290 |
Size: | 3 acre(s) |
Financial Information (Actual)
Gross Income: | $54,480 |
Operating Expense: | $7,515 |
Net Operating Income: | $46,000 |
Expense Ratio: | 13.8 % |
Lot Information
Singlewide Lots: | 7 |
Doublewide Lots: | 4 |
RV Information
Number of RV Lots: | 1 |
Average RV Lot Rent: | $350 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 1 |
Average Rent for Park-owned Homes: | $550 |