Mobile Home Park Details
- Cap Rate: 9.5% (Actual)
- Listing ID: 1421478
- Posted On: Apr 12, 2021
- Updated On: Jan 27, 2022
Description
*Excellent expansion potential in cleared area overlooking the lake!
*3 Wells and individual septics at sites
*55 Acres
*70 Seasonal Campers that consist of 40 sites that are full hook up with 30 amp & 30 sites are full hook up with 50 amps. Seasonal rates are $2,000 for 2021 and seasonal rates for 2022 will be $2,100. New seasonal contracts are issued in August 2021.
*12 Transient sites that all have 50 amp with water & electricity. 3 out of the 12 sites have full hook-up. With all but one site having cable television. Daily rates are $45 for full hook up with cable, $44 for water, electricity, and cable.
*10 Tent sites are primitive with picnic tables. Daily rates are $40. 2 cabins with electric, cable, and air-conditioning. Includes water spigot and charcoal grill. No sewer. The daily rate is $80.
*Personal property included Kubota mower & tractor loader backhoe.
*Current owners have owned the property for over 30 years!
Location
Cambridge, New York. Overlooks Lake Lauderdale.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 94 |
| Year Built: | 1970 |
| Size: | 55 acre(s) |
Financial Information (Actual)
| Gross Income: | $160,000 |
| Operating Expense: | $75,202 |
| Net Operating Income: | $99,798 |
| Expense Ratio: | 47.0 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |