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 |
