Contact Information

Mobile Home Park Details

  • Price: $2,045,000
  • Cap Rate: 8.0%
  • Property ID: 1344664
  • Posted On: Oct 22, 2020
  • Updated On: Oct 23, 2020

Property 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 $148,815
Net Operating Income $163,605
Expense Ratio 45.3 %
Debt Info

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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