Contact Information

Mobile Home Park Details

  • Price: $2,399,000
  • Cap Rate: 7.3%
  • Property ID: 1356606
  • Posted On: Nov 16, 2020
  • Updated On: Jan 4, 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.

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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

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