Contact Information

Mobile Home Park Details

  • Price: $664,000
  • Cap Rate: 10.7%
  • Property ID: 1290673
  • Posted On: Jul 17, 2020
  • Updated On: Aug 6, 2020

Property Description

*City water
*City sewer
*15 sites
*100% occupancy
*2 hour drive to NYC from property
*8 lot rents, 7 park owned home rents

Location

Hudson Valley NY market is one the of the most desirable markets for MHP investors. Located 2 hours north of NYC.

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Park Information

Number of MH Lots: 15
Total Occupancy: 100.0 %
Year Built: 1970
Average MH Lot Rent: $560
Size: 4 acre(s)

Financial Information (Actual)

Gross Income $116,940
Operating Expense $45,909
Net Operating Income $71,031
Expense Ratio 39.3 %
Debt Info

Lot Information

Singlewide Lots: 15

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 7
Average Rent for Park-owned Homes: $800

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