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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: New Loan
  • Cap Rate: 9.1%
  • Listing ID: 467984
  • Posted On: Aug 29, 2014
  • Updated On: Dec 1, 2017

Description

The subject property Widows Creek Mobile Home Community is located in Hudson, New York. Hudson is located along the west border of Columbia County and is about 38 miles from the Capital District of Albany. Widows Creek Mobile Home Community sits on 14 acres and is well maintained. The park has 21 manufactured home sites (fully rented), three rental homes (new construction) in progress of being built and 4 storage units. The community also has a stocked pond fed from Widows Creek. The park has three drilled wells and is only utilizes two at the moment. The parks infrastructure has been upgraded with new water and sewer lines throughout the park. The pump house has just been upgrade with a new pump and bladder tank. Septic system upgrades this year include a new tank, sand filter and 400’ of new sewer lines. Electric upgrades throughout the park. The owner is willing to stay on to maintain the water system and help around the park until new owner is up and running.

Location

Columbia County, New York

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Park Information

Community Type: All Age
Number of MH Lots: 21
Total Occupancy: 100.0 %
Year Built: 1965
Average MH Lot Rent: $405
Size: 14 acre(s)

Financial Information (Pro Forma)

Gross Income: $148
Operating Expense: $29
Net Operating Income: $118
Expense Ratio: 19.6 %

Lot Information

Singlewide Lots: 21

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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