Contact Information

Mobile Home Park Details

  • Price: $699,000
  • Cap Rate: 2.9%
  • Property ID: 1717378
  • Posted On: Jul 21, 2022
  • Updated On: Oct 19, 2022

Property Description

**OWNER FINANCING IS AVAILABLE**
*103 RV Sites with Full Service - Well Water, Septic, Electric (30 & 50 Amps). Town Water connected to Manager’s Home.

*Includes Club House, Pool, Cabana, and Playground.

*Includes 2002 Park Model and Manager’s Residence in front of the park with Town Water.

**Value add Property

*Pro-Forma based on transitioning park to an all-seasonal RV resort.

Pro-Forma income is based on a $2,000 seasonal rate (below market) for 100 sites.

Location

*One Mile from Plattsburgh City Beach on the shores of Lake Champlain with majestic views of the Green Mountains of Vermont.

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Park Information

Year Built: 1970
Size: 43 acre(s)

Financial Information (Actual)

Gross Income $60,424
Operating Expense $38,707
Net Operating Income $21,717
Expense Ratio 64.1 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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