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Widows Creek Moble Home Park

Manufactured Home Community for Sale in Hudson, New York

301 W Ghent Road 12534
Hudson, NY 12534

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This Mobile Home Park is Off Market

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Mobile Home Park for Sale

Number of MH Lots: 21
Size: 14 acre(s)
Cap Rate: 9.1%
Purchase Method: New Loan
Status: Off Market
Property ID: 467984
Posted on: Aug 29, 2014
Updated on: Dec 01, 2017

Property Description

The subject property Widows Creek Mobile Home Community is located in Hudson, New York. Hudson is located along the west border of Columbia County and is about 38 miles from the Capital District of Albany. Widows Creek Mobile Home Community sits on 14 acres and is well maintained. The park has 21 manufactured home sites (fully rented), three rental homes (new construction) in progress of being built and 4 storage units. The community also has a stocked pond fed from Widows Creek. The park has three drilled wells and is only utilizes two at the moment. The parks infrastructure has been upgraded with new water and sewer lines throughout the park. The pump house has just been upgrade with a new pump and bladder tank. Septic system upgrades this year include a new tank, sand filter and 400’ of new sewer lines. Electric upgrades throughout the park. The owner is willing to stay on to maintain the water system and help around the park until new owner is up and running.

Location Description

Columbia County, New York

Park Information

Number of MH Lots:21
Total Occupancy:100.0%
Year Built:1965
Average MH Lot Rent: $405
Size:14.0 acre(s)

Financial Information (Pro Forma)

Gross Income$148
Operating Expense$29
Net Operating Income$118
Expense Ratio 19.6%
Debt Info

Lot Information

Singlewide Lots:21

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:0