Mobile Home Park Details

  • Cap Rate: 10.3%
  • Listing ID: 1742792
  • Posted On: Aug 24, 2022
  • Updated On: Aug 16, 2023

Description

*BANK FINANCING LINED UP FOR THIS PROPERTY!
*11 Units in Warrensburg NY

*2 Park-Owned Homes

*9 Tenant-Owned Homes

*Park-Owned Homes Bed/Bath Count is 2Bed/1 Bath

*Landlord Provides Septic, Water, Trash, Common Area Management

*Manager Lives Onsite

Location

*Located in the Glens Falls Metro Area just 10 Miles Away From One Of The Biggest Upstate Attractions: Lake George!

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Park Information

Number of MH Lots: 11
Year Built: 1970
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $45,540
Operating Expense $10,493
Net Operating Income $35,047
Expense Ratio 23.0 %
Debt Info

Utility Information

Water: Well
Sewer: Septic

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