Contact Information

Mobile Home Park Details

  • Price: $732,500
  • Cap Rate: 9.0%
  • Property ID: 1686938
  • Posted On: Jun 8, 2022
  • Updated On: Jun 8, 2022

Property 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 %
Debt Info

Lot Information

Singlewide Lots: 39

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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