Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Listing ID: 1395928
- Posted On: Feb 20, 2021
- Updated On: Jul 29, 2022
Description
The park has 20 sites of which 11 are occupied. We have 2 levels of lot rent: Average lot is $290 and Premium is$350. Premium lot is defined as a site that has more space, is a front space, etc.
There is 1 Park Owned rental
The property has 20 acres so expansion of the park is very possible.
Our onsite manager does the mowing, most of the handyman work and has lived on property for over 6 years. Many of our residents are long term. We have one that has been on the property for over 15 years.
There is a 24” x 40” Two story storage barn included. This is great for storing equipment, supplies, and any vehicles.
The Engineered Septic system has been replaced and updated in 2018
NO Well! Municipal Water—no maintenance. Each resident pays their bill.
Owner will finance with $125,000 down.
Location
Located in upstate NY. The town of Gouverneur has a little over 7,000 people. There is a large need for affordable, nice places to live.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 60.0 % |
| Size: | 20 acre(s) |
Financial Information (Actual)
| Gross Income: | $49,560 |
| Operating Expense: | $7,785 |
| Net Operating Income: | $41,775 |
| Expense Ratio: | 15.7 % |
Lot Information
| Singlewide Lots: | 20 |
RV Information
| Number of RV Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 1 |
| Average Rent for Park-owned Homes: | $700 |