Mobile Home Park Details
- Cap Rate: 11.2%
- Listing ID: 1239205
- Posted On: Apr 6, 2020
- Updated On: Nov 16, 2020
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 % |
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 |
