Mobile Home Park Details
- Cap Rate: 8.5%
- Listing ID: 1449140
- Posted On: Jun 1, 2021
- Updated On: Nov 12, 2021
Description
*91 sites
*On-site property manager
*30 +/- acres
*City water and private septic
*All roads paved
*4 stick built homes
*44 tenant-owned homes, 43 park-owned homes and 3 vacant lots
*Pole Barn- 32'x105'- can be used for storage and potential for additional income.
*2nd pole barn-24x34- can also be used for additional income.
*Acreage with road frontage for potential storage units.
*Thompson's Retail Sales Center- (3,892 sq ft.) Can be leased out for rental income
*Cell tower tax reimbursement of $15,700
Location
Close location near SUNY Oswego university
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Park Information
| Number of MH Lots: | 91 |
| Total Occupancy: | 98.2 % |
| Average MH Lot Rent: | $280 |
| Size: | 30 acre(s) |
Financial Information (Actual)
| Gross Income: | $554,316 |
| Operating Expense: | $221,045 |
| Net Operating Income: | $338,891 |
| Expense Ratio: | 39.9 % |
Lot Information
| Doublewide Lots: | 91 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 43 |
| Average Rent for Park-owned Homes: | $850 |
