Mobile Home Park Details

  • Cap Rate: 9.3%
  • Listing ID: 3725684
  • Posted On: Sep 25, 2023
  • Updated On: Jan 11, 2024


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

•Chlorination Water System


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

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