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GREAT LOCATION GREAT INVESTMENT OPPORTUNITY!! 11325 Rt. 23, Ashland, NY 12496

Sold  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0% (Pro Forma)
  • Listing ID: 2057017
  • Posted On: Feb 16, 2023
  • Updated On: Mar 14, 2024

Description

WANT TO INVEST? LET'S GO! Thousands of dollars in improvements make this 24 pad site /3.80 acre (one double lot) is quite the lil' money maker! Two tax lots with major improvements - 100k+ in blacktop; Upgraded Well Water systems pipes etc. 6 Car
garage/workshop! Rents are below market and will be raised ask for details! 9500 in taxes - Two SBLs must be sold together (other SBL is .43 acre 192000-094-000-0002- 005-000-
00...

Location

Great community close to Windham and many major northern vacation destinations!

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Park Information

Community Type: All Age
Number of MH Lots: 24
Year Built: 1975
Average MH Lot Rent: $500
Size: 4 acre(s)

Financial Information (Pro Forma)

Operating Expense: $22,000
Net Operating Income: $90,638

Lot Information

Singlewide Lots: 23
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $500

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