Mobile Home Park Details
- Cap Rate: 6.3%
- Listing ID: 1422546
- Posted On: Apr 13, 2021
- Updated On: Sep 21, 2021
Description
* Premier 55+ Community
* 39 Land leased homes
* Homes on property sell for $130,000+
* Excellent resident group-all over 55+.
* Great community center. Over 2,500 sq. ft. with a library and social center for residents.
* 6 Stall garage that could be rented out for storage.
* Very nice rented stick-built home.
* Paved Roads
Location
Located between Binghamton and Albany NY. Just 78 miles from Saratoga Springs, NY.
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Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 40 |
| Year Built: | 1996 |
| Average MH Lot Rent: | $389 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $186,660 |
| Operating Expense: | $105,280 |
| Net Operating Income: | $81,380 |
| Expense Ratio: | 56.4 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
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