Contact Information
Mobile Home Park Details
- Price: $3,970,000
- Cap Rate: 9.1%
- Listing ID: 1721780
- Posted On: Jul 26, 2022
- Updated On: Sep 6, 2023
Description
*80 Site Park - 40 Tenant Owned Homes - 40 Park Owned Homes
*All Newly Paved Roads
*Park Manager
*Well & Septic
*Updated Financials / Increased Rents
Location
*Ithaca is a unique college town nestled in the Finger Lakes Region in New York
*7 Miles from Ithaca/Cornell University
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Park Information
| Community Type: | All Age |
| Total Occupancy: | 91.6 % |
| Year Built: | 1970 |
| Size: | 57 acre(s) |
Financial Information (Actual)
| Gross Income: | $595,408 |
| Operating Expense: | $183,364 |
| Net Operating Income: | $362,184 |
| Expense Ratio: | 30.8 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
