Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.8%
  • Property ID: 1112784
  • Posted On: Jul 29, 2019
  • Updated On: Dec 20, 2019

Property Description

*Fully occupied
*All resident owned homes
*Great location
*Upside to rents
*Ballston Spa Schools
*Located in fastest growing county in the state

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Park Information

Community Type: All Age
Number of MH Lots: 13
Total Occupancy: 100.0 %
Year Built: 1965
Average MH Lot Rent: $440
Size: 4 acre(s)

Financial Information

Gross Income $68,340
Operating Expense $27,012
Net Operating Income $41,328
Expense Ratio 39.5 %
Debt Info

Lot Information

Singlewide Lots: 13

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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