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Mobile Home Park Details

Purchase Method: Cash, Seller Financing, New Loan
Listing ID: 1007880
Posted On: Nov 14, 2018
Updated On: Jun 1, 2019

Description

VV MHP is licensed for up to 25 sites (Department of Health Permit) of which 18 are on the rent roll (Mix of Single Wide and Double Wide Homes)and the remaining lots are undeveloped. Additionally, there is a stick built single family house- 3 Bedroom and 1 Bath. There are some park owned "Rental Homes" that are included in the sale. The Seller may offer private financing on the portion of the Purchase Price allocated to Personal Property "Rental Homes" only, The Buyer should seek conventional financing remainder of the portion of the Purchase Price allocated to the remainder which includes the income generated from the Lot rent and Rental of the Single Family Home. The Subject Property is comprised of two adjoining tax parcels totaling 5.7 acres.
Rare Investment Opportunity within the "Southtowns" of Erie County (Buffalo, NY).
The Buffalo, NY market has historically been a strong Manufactured Home market. Will Not Last! Complete Offering Memorandum available upon request.

Location

VV Mobile Home Park is located within the Town of Colden, in Erie County, New York. The Town of Colden is one of the "Southtowns” of Erie County by virtue of its position in the southeast part of the county. Located within Erie County is the City of Buffalo which is ~30 miles driving distance to the northwest. Buffalo, the second largest city in the State of NY, is the principal city of the Buffalo-Niagara Falls metropolitan area and serves as the county seat. The city itself has a population of 256,902 (as of 2016), and the metropolitan area 1,135,509 (2010 Census). The City of Buffalo is easily accessible via Route 219 and the 400 expressway which are main traffic corridors. The subject property is within ~5 miles of an interchange to Route 219 and the 400 expressway. The main highway through the region is the NYS Thruway extending from the Pennsylvania/New York State border in the west to Albany in the east, and the New York City borderline to the south.
Buffalo Ski Club, a member-owned ski resort that is open to the public, is located a mile north of the subject property. Kissing Bridge, a major ski resort, is located ~5 miles to the south.
Erie County is a major New York industrial and commercial center which offers a wealth of products and services. Some of the largest area employers include the State of New York, Federal Executive Board, Kaleida Health, University of Buffalo, Catholic Health Care Systems, Employer Services Corp, M & T Bank, Top’s Market, Buffalo City School District and Erie County.

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