Mobile Home Park Details
- Cap Rate: 9.5%
- Listing ID: 1417982
- Posted On: Apr 5, 2021
- Updated On: Sep 22, 2023
Description
“Checks All the Boxes for a First-Time Mobile Home Park Owner!!”
*Price $399,000 with Owner Financing.
*Cap Rate 9.46%
*Public water & Public sewer.
*Park Manager
*All Tenant-Owned Homes
*14 Units - including one yard rent
*Paved Roads
*Near Cortland University
*Each home is sub-metered but owner does not collect for water Usage.
Location
*Close to Cortland University
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 14 |
| Year Built: | 1974 |
| Size: | 1 acre(s) |
Financial Information (Actual)
| Gross Income: | $60,900 |
| Operating Expense: | $23,147 |
| Net Operating Income: | $37,753 |
| Expense Ratio: | 38.0 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
