Contact Information

Mobile Home Park Details

  • Price: $550,000
  • Cap Rate: 12.0%
  • Property ID: 1315985
  • Posted On: Aug 31, 2020
  • Updated On: Aug 31, 2020

Property Description

* Excellent property condition
* Long term ownership
* Spaced out sites
* Mobile homes in very good condition
* Lot rents below market
* 100% occupied
* Well water for water system
* Septic tanks for sewer system
* Overall excellent value
* Pull barn for storage

Location

Located outside of Utica/Rome. 60 minutes from Syracuse.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 100.0 %
Average MH Lot Rent: $310
Size: 20 acre(s)

Financial Information (Actual)

Gross Income $103,200
Operating Expense $37,157
Net Operating Income $66,043
Expense Ratio 36.0 %
Debt Info

Lot Information

Doublewide Lots: 15

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 12
Average Rent for Park-owned Homes: $675

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