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

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