Contact Information

Mobile Home Park Details

  • Price: $350,000
  • Cap Rate: 14.0%
  • Listing ID: 1726990
  • Posted On: Aug 4, 2022
  • Updated On: Nov 7, 2023

Description

* Cap Rate 13.96%
* 12 Total Current Units
* Value Add Opportunity to Expand. The Property Sits on 35 Sprawling Acres
* Maintenance Person Lives Onsite

Location

Located in the Binghamton Metro Area.

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Park Information

Number of MH Lots: 12
Total Occupancy: 92.2 %
Year Built: 1970
Size: 35 acre(s)

Financial Information (Actual)

Gross Income: $83,400
Operating Expense: $28,032
Net Operating Income: $48,868
Expense Ratio: 33.6 %

Utility Information

Water: Well
Sewer: Septic

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