Contact Information

Mobile Home Park Details

  • Price: $3,900,000
  • Cap Rate: 9.5%
  • Property ID: 1721780
  • Posted On: Jul 26, 2022
  • Updated On: Jan 12, 2023

Property 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

Year Built: 1970
Size: 57 acre(s)

Financial Information (Actual)

Gross Income $520,735
Operating Expense $156,857
Net Operating Income $369,947
Expense Ratio 30.1 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 40

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