Mobile Home Park Details
- Cap Rate: 7.3%
- Property ID: 1356606
- Posted On: Nov 16, 2020
- Updated On: Mar 10, 2021
Property Description
Jefferson Park is located in Greene county which is easily accessible to the lower Hudson Valley area and Albany county. There are 4.42 acres with all paved roads. The property has a strong occupancy rate of 100% with two tenant-owned mobile homes and sixteen park owned mobile homes. Every unit is individually metered for city water and city sewer. There is an 8-unit apartment building, a 3-unit efficiency apartment building, and a single-family residence. A total of 30 units. Assumable mortgage.
Location
Jefferson Park is located in Greene county which is easily accessible to the lower Hudson Valley area and Albany county. There are 4.42 acres with all paved roads. The property has a strong occupancy rate of 100% with two tenant-owned mobile homes and sixteen park owned mobile homes. Every unit is individually metered for city water and city sewer. There is an 8-unit apartment building, a 3-unit efficiency apartment building, and a single-family residence. A total of 30 units. Assumable Mortgage.
Park Information
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $834 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income | $318,211 |
| Operating Expense | $142,352 |
| Net Operating Income | $175,859 |
| Expense Ratio | 44.7 % |
| Debt Info |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
