Contact Information

Mobile Home Park Details

  • Price: $219,000
  • Cap Rate: 10.2%
  • Property ID: 1357410
  • Posted On: Nov 18, 2020
  • Updated On: Nov 18, 2020

Property Description

The park is located in Indian Lake of the Adirondack Park.​ The town of Indian Lake is just a few minutes away.​ There are deeded lake rights to Indian Lake.​ With a strong occupancy rate of 89% and all park owned homes.​ There is a 4.4-acre parcel that could potentially be used for expansion.​ Presently there are 6 sites with city water.​

Location

The park is located in Indian Lake of the Adirondack Park.​ The town of Indian Lake is just a few minutes away.​ There are deeded lake rights to Indian Lake.​

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Park Information

Number of MH Lots: 6
Total Occupancy: 89.0 %
Year Built: 1960
Average MH Lot Rent: $550
Size: 7 acre(s)

Financial Information (Actual)

Gross Income $37,200
Operating Expense $7,713
Net Operating Income $22,244
Expense Ratio 20.7 %
Debt Info

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $550

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