MHC
MHC
Aireal
Aireal
MHC
MHC
Mail Box Station
Mail Box Station
MHC
MHC
MHC
Aireal
MHC
Mail Box Station
MHC

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 19663
  • Posted On: Feb 15, 2011
  • Updated On: Feb 28, 2017

Description

The subject property is comprised of a 22 Homesite Manufactured Home Community, a 4-5 Bedroom Single Family Home and a 42' x 48' Morton Building, collectively known as Long Meadow Mobile Home Court. The Community was established by the Seller's family in ~1970. Currently on well water but however public water is available at the roadfront. This property would appeal to either Owner Occupant and/or an Investor. The financial assume an estimated rental of the single family home and the Morton building. Complete Offering Package available.

Location

The subject is located ~6-10 miles south of the City of Geneva, Village of Waterloo and the Village of Seneca Falls which are the nearest is the nearest population centers and shopping districts. Long Meadow MHC is situated along the Route 336 between Route 96A and Route 96. Town of Varick is located within the Finger Lakes Region of Upstate New York between Seneca and Cayuga Lakes. The Cayuga-Seneca Canal, ~5 miles to the north, provides marine traffic between the two Finger Lakes, Cayuga and Seneca. The Finger Lakes Region offers many recreational, educational and cultural opportunities. The property is located within ~15 miles of an exit ramp (Exit 41) to I-90, a/k/a the New York State Thruway. The City of Syracuse, located ~60 miles to the east along I-90, is situated in the heart of New York State at the crossroads of I-81, a major north/south transportation corridor linking the mid-Atlantic states to Canada, and I-90. The City of Rochester is located ~55 miles to the west along I-90.

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 77.0 %
Year Built: 1970
Average MH Lot Rent: $310
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $77,580
Operating Expense: $32,332
Net Operating Income: $45,248
Expense Ratio: 41.7 %

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

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