Mobile Home Park Details

  • Cap Rate: 10.0%
  • Listing ID: 2031469
  • Posted On: Feb 8, 2023
  • Updated On: May 1, 2023

Description

*3 mobile homes. (1 Park-Owned $750 and 2 Tenant-Owned - $425 and $450)

*Well and Septic

*Town water and sewer at road

*Saratoga County

*Units are leased and/ or owned currently. A prime investment
opportunity. Option for redevelopment if the new owner would
like to continue in that vein.

*Located right off NY State Rt 32 with high visibility.

*Short drive to Harry J Betar Jr Recreational Park. Approximately 7
to 10 minutes away.

*Short drive to Glens Falls Hospital.

Location

*Saratoga County

*Short drive to Harry J Betar Jr Recreational Park. Approximately 7
to 10 minutes away.

*Short drive to Glens Falls Hospital.

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Park Information

Number of MH Lots: 3
Total Occupancy: 100.0 %
Year Built: 1970
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $19,500
Operating Expense: $6,191
Net Operating Income: $13,309
Expense Ratio: 31.7 %

Utility Information

Water: Well
Sewer: Septic

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