Mobile Home Park Details
- Cap Rate: 8.2%
- Listing ID: 2269726
- Posted On: Mar 27, 2023
- Updated On: Mar 5, 2024
Description
*This mobile home community investment has various strengths:
*The homes are resident (tenant) owned.
*22 Lots
*15 are occupied
*7 empty lots
*Residents pay for lot rent and water usage/sewer fee monthly.
*Room to Add massive value by filling the empty lots!
*Opportunity to fill the vacant lots, boosting the income &
valuation!
Location
North of Albany, New York
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Total Occupancy: | 63.6 % |
| Year Built: | 1975 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $92,156 |
| Operating Expense: | $29,569 |
| Net Operating Income: | $39,071 |
| Expense Ratio: | 32.1 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
