Mobile Home Park Details
- Cap Rate: 9.3%
- Listing ID: 3725684
- Posted On: Sep 25, 2023
- Updated On: Jan 11, 2024
Description
Investment Overview
• This is the perfect investment for someone who is ready to collect cash flow with a strong potential for upside. This property is in a wonderful metro area with a strong demand for housing. There is opportunity to either run as is, and/or to bring in new homes and expand this mobile home park to the full 43 lots. Inquire today for more information.
Investment Summary
• 43 Total Mobile Home Lots
•23 Lots with Mobile Homes on them
20 Permitted Existing Lots With water & sewer hookups
•11 Tenant Owned Homes
12 Park Owned Homes
Utilities
•Chlorination Water System
Septics
Location
Binghamton Metro Area
•Population: 247,158
Median Home price: $156,400
Average 3 Bedroom Home Rent: $1,260/Month
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Total Occupancy: | 53.4 % |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $117,000 |
| Operating Expense: | $37,692 |
| Net Operating Income: | $79,308 |
| Expense Ratio: | 32.2 % |
Utility Information
| Sewer: | Septic |
