Contact Information

Mobile Home Park Details

  • Price: $429,000
  • Cap Rate: 11.2%
  • Property ID: 1239205
  • Posted On: Apr 6, 2020
  • Updated On: Apr 6, 2020

Property Description

*Located 15 miles outside of Saratoga Springs
*20 unit MHP, with major upside
*Stick built home in park is on separate deed and could be sold separately from park.
*16.5 acres +/-
*Well water and septic
*Plow truck and backhoe come with sale

Location

Located outside of Saratoga Springs in Saratoga County

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 50.0 %
Year Built: 1965
Average MH Lot Rent: $400
Size: 17 acre(s)

Financial Information (Pro Forma)

Gross Income $69,360
Operating Expense $21,407
Net Operating Income $47,953
Expense Ratio 30.9 %
Debt Info

Lot Information

Singlewide Lots: 10
Doublewide Lots: 10

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $750

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