Mobile Home Park Details

  • Cap Rate: 9.5%
  • 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.

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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

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