Mobile Home Park Details
- Cap Rate: 8.0% (Actual)
- Listing ID: 3344571
- Posted On: Jul 10, 2023
- Updated On: Nov 6, 2023
Description
Welcome to 2354 State Rte 26 in Maine, NY. This Mobile Home park is also known as Nanticoke Creek Park & it sits situated on 3 different parcels of land spanning 40+ beautiful acres. Nanticoke Creek Park includes a total of 91 lots, 76 mobiles which are independently owned, 1 on-site office, 1 mobile for storage & 15 vacant lots which can be potentially occupied by new mobile homes for expansion. This mobile home park has paved roads, 6 septic systems, 2 new sump pumps, & new main sewer lines. There is also a 2 family, and single family home located on this property, which were both newly renovated. These units are also fully occupied. Add this MHP to your investment portfolio or as a new investment opportunity today!
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 91 |
| Average MH Lot Rent: | $360 |
| Size: | 40 acre(s) |
Financial Information (Actual)
| Gross Income: | $371,220 |
| Operating Expense: | $127,301 |
| Net Operating Income: | $243,919 |
| Expense Ratio: | 34.3 % |
Lot Information
| Singlewide Lots: | 69 |
| Doublewide Lots: | 7 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |