Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Property ID: 1074133
  • Posted On: May 6, 2019
  • Updated On: Oct 7, 2020

Property Description

Dix MHP is an excellent opportunity to purchase a 39 site MHP with city water, 32 sites occupied with tenant owned homes and in a nice location in relation to Glens Falls. The property is well run and cash flows nicely!

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Park Information

Community Type: All Age
Number of MH Lots: 38
Total Occupancy: 84.0 %
Year Built: 1960
Average MH Lot Rent: $455
Size: 3 acre(s)

Financial Information (Actual)

Gross Income $176,646
Operating Expense $50,200
Net Operating Income $126,466
Expense Ratio 28.4 %
Debt Info

Lot Information

Singlewide Lots: 38

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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