Mobile Home Park Details

  • Cap Rate: 9.0%
  • Property ID: 1326648
  • Posted On: Sep 18, 2020
  • Updated On: Feb 1, 2021

Property Description

*City water
*Expansion opportunity
*Homes with views of Cayuga Lake
*Good financial records and books
*Well operated park

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Park Information

Number of MH Lots: 30
Total Occupancy: 85.0 %
Year Built: 1970
Average MH Lot Rent: $325
Size: 20 acre(s)

Financial Information (Actual)

Gross Income $123,300
Operating Expense $65,286
Net Operating Income $58,014
Expense Ratio 52.9 %
Debt Info

Lot Information

Singlewide Lots: 15
Doublewide Lots: 15

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $750

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