Mobile Home Park Details
- Cap Rate: 6.7%
- Listing ID: 1323712
- Posted On: Sep 14, 2020
- Updated On: Apr 30, 2021
Description
*Very desirable market for manufactured housing communities in NY!
*16 existing home sites
*7 lot rents from tenant owned homes
*4 park owned homes
*Clubhouse
*5 vacant lots
*Expansion opportunities with approvals & plans for 72 total
home sites.
*Existing park in excellent condition.
*Extremely scenic and visually pleasing property.
*Hudson Valley communities have been performing very strongly.
*70 miles from Tappan Zee Bridge
Location
Hudson Valley, NY Market
Amenities
- Club House
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 16 |
| Total Occupancy: | 51.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $361 |
| Size: | 48 acre(s) |
Financial Information (Actual)
| Gross Income: | $145,840 |
| Operating Expense: | $43,399 |
| Net Operating Income: | $65,121 |
| Expense Ratio: | 29.8 % |
Lot Information
| Doublewide Lots: | 16 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
