Mobile Home Park Details
- Cap Rate: 7.5% (Actual)
- Listing ID: 1444385
- Posted On: May 24, 2021
- Updated On: Nov 13, 2023
Description
* New Price: $879,000
* 42 Site Park
* 29 Tenant-Owned Homes
* 13 Vacant Lots
* Well & Septic
* Pole Barn for Additional Rental Income
* 2 Miles from Colgate University
Location
* 2 Miles from Colgate University
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 68.2 % |
| Year Built: | 1970 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income: | $147,000 |
| Operating Expense: | $33,969 |
| Net Operating Income: | $66,231 |
| Expense Ratio: | 23.1 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
