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 |
