Mobile Home Park Details
- Cap Rate: 9.0%
- Listing ID: 1686938
- Posted On: Jun 8, 2022
- Updated On: Sep 19, 2022
Description
*39 Site MHP
*34 Tenant owned homes
*5 Vacant Lots
*18 Acres
*Recent capital improvements to roads and park
*Park manager on-site
*9% cap rate
*Well & Septic
Location
Close to Binghamton, Oneonta, & Cooperstown.
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Park Information
| Number of MH Lots: | 39 |
| Total Occupancy: | 87.0 % |
| Average MH Lot Rent: | $320 |
| Size: | 18 acre(s) |
Financial Information (Actual)
| Gross Income: | $121,560 |
| Operating Expense: | $55,622 |
| Net Operating Income: | $65,938 |
| Expense Ratio: | 45.8 % |
Lot Information
| Singlewide Lots: | 39 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
