Contact Information
Mobile Home Park Details
- Price: $895,000
- Cap Rate: 8.0%
- Property ID: 1444385
- Posted On: May 24, 2021
- Updated On: Oct 8, 2021
Property Description
* Cap Rate 8.15%
* 42 Site Park
* 33 Tenant Owned Homes
* 9 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: | 75.2 % |
| Year Built: | 1970 |
| Size: | 7 acre(s) |
Financial Information (Actual)
| Gross Income | $142,020 |
| Operating Expense | $33,959 |
| Net Operating Income | $72,961 |
| Expense Ratio | 23.9 % |
| Debt Info |
Utility Information
| Water: | Well |
| Sewer: | Septic |
