Mobile Home Park Details
- Cap Rate: 10.7% (Actual)
- Listing ID: 1290673
- Posted On: Jul 17, 2020
- Updated On: Feb 1, 2021
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 % |
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 |
