Mobile Home Park Details
- Cap Rate: 11.2%
- Listing ID: 1610814
- Posted On: Feb 22, 2022
- Updated On: May 16, 2022
Description
*Purchase Price $495,000.00
*Cap Rate 11.17%
*25 Sites (including 5 Tenant Owned Homes, 14 Park Owned Homes and 6 Vacant Lots (full service at lots)
*Well and Septic
*3.5 Acres
*Broome County
Location
*23 Miles east of Binghamton, NY
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Park Information
| Number of MH Lots: | 25 |
| Total Occupancy: | 69.4 % |
| Year Built: | 1970 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $129,300 |
| Operating Expense: | $34,430 |
| Net Operating Income: | $55,270 |
| Expense Ratio: | 26.6 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
