Mobile Home Park Details

  • Cap Rate: 7.1%
  • Listing ID: 1736765
  • Posted On: Aug 17, 2022
  • Updated On: Aug 16, 2023

Description

*Value Add Property

*Seller Financing Available with 40% Down. Qualified buyers only with POF. Terms TBD.

*Onsite Manager / Water Collector in Place

*Newer Well Replaced Approx. 5 Years Ago

Location

*Close to town. One hour from Albany and one hour from Lake George
*Cambridge is a quaint village located in the foothills of the Adirondack Mountains.

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Park Information

Number of MH Lots: 20
Total Occupancy: 70.0 %
Year Built: 1970
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $100,800
Operating Expense: $26,395
Net Operating Income: $44,165
Expense Ratio: 26.2 %

Utility Information

Water: Well
Sewer: Septic

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