Contact Information

Mobile Home Park Details

  • Price: $1,180,000
  • Cap Rate: 7.7%
  • Property ID: 1152633
  • Posted On: Nov 4, 2019
  • Updated On: Dec 8, 2019

Property Description

*31 site Saratoga County MHP
*Comes with 20+ acres with self-storage entitlements for development
*High median home prices in market
*High level of mobile homes sold in market
*On-site management
*Big upside

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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 68.0 %
Year Built: 1970
Average MH Lot Rent: $480
Size: 35.0 acre(s)

Financial Information

Gross Income $135,924
Operating Expense $45,150
Net Operating Income $90,774
Expense Ratio 33.2 %
Debt Info

Lot Information

Doublewide Lots: 29

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $900

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