Mobile Home Park Details
- Distressed: This property is in default, REO or in foreclosure.
- Listing ID: 15876
- Posted On: Aug 30, 2010
- Updated On: Feb 28, 2017
Description
Rare Opportunity....Broker Assisted FORECLOSURE AUCTION. Scheduled for Wednesday, September 29th. The 100% Occupied Manufactured Home Community was developed in 1991 and is located on 17.82 ± acres. Of the 54 pad sites, 28 are improved with Single Wide manufactured homes and 26 are improved with Double Wide manufactured homes.
Paved Roads; Community Manager and easy Commute to Area Employment
See attached Flyer and Confidentialty Agreements- Please note a separately signed Confidentialty Agreement is required for Meadow Valley MHP and Valley Stream MHP
Location
Conveniently located along State Highway 7 just ~15 miles southwest of the City of Oneonta. The Property is located within 2 miles of an entrance ramp to Route 88 (exit 11) which provides for an easy commute to area employment and services. Oneonta is home to two 4-year academic institutions: The State University of New York at Oneonta, Hartwick College, the National Soccer Hall of Fame and Cooperstown All Star Village is a state of the art baseball facility. This facility located plays off of the notoriety of The National Baseball Hall of Fame (Cooperstown) which located within a ~30 miles to the NE
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 54 |
| Total Occupancy: | 100.0 % |
Financial Information
| Gross Income: | $161,166 |
| Operating Expense: | $86,025 |
| Net Operating Income: | $75,141 |
| Expense Ratio: | 53.4 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
