Contact Information

Mobile Home Park Details

  • Price: $616,512
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.5%
  • Property ID: 1234290
  • Posted On: Mar 26, 2020
  • Updated On: Mar 26, 2020

Property Description

Quiet, working family park. Long term tenants. 4 Park owned homes. 16 tenant owned homes. On site manager, turn key operation.

Location

Bath, NY

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Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 90.0 %
Average MH Lot Rent: $330
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $92,635
Operating Expense $27,795
Net Operating Income $64,840
Expense Ratio 30.0 %
Debt Info

Lot Information

Singlewide Lots: 19
Doublewide Lots: 3
Triplewide Lots: 0
Park Model Lots: 22

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $600

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