Mobile Home Park Details
- Cap Rate: 8.4%
- Listing ID: 1344664
- Posted On: Oct 22, 2020
- Updated On: Jul 1, 2021
Description
The Montgomery/Fulton county area is easily accessible to Saratoga and Schenectady counties. There are good shopping areas and some manufacturing. This property is located close to Sacandaga Lake and Saratoga Springs. It has a strong occupancy rate of 95% with all tenant-owned homes. In the larger park, there are paved roads. There is land for expansion of another potential 30-sites.
Location
The Montgomery/Fulton county area is easily accessible to Saratoga and Schenectady counties. There are good shopping areas and some manufacturing. This property is located close to Sacandaga Lake and Saratoga Springs
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Park Information
| Number of MH Lots: | 63 |
| Total Occupancy: | 95.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $413 |
| Size: | 25 acre(s) |
Financial Information (Actual)
| Gross Income: | $328,440 |
| Operating Expense: | $148,966 |
| Net Operating Income: | $168,494 |
| Expense Ratio: | 45.4 % |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
