Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 12.8% (Actual)
- Listing ID: 514620
- Posted On: Mar 27, 2015
- Updated On: Oct 12, 2015
Description
Nanticoke Creek is located in the peaceful setting of Maine, New York which is located in Broome County. The park is a short distance from Binghamton and Interstate's 81 & 86. Nanticoke Creek has 89 sites and a rental house with no vacant sites. The park and infrastructure are well maintained and the park roads are scheduled for repairs late spring. Capable on-site management/maintenance in place
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 89 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $320 |
| Size: | 36 acre(s) |
Financial Information (Actual)
| Gross Income: | $372 |
| Operating Expense: | $110 |
| Net Operating Income: | $261 |
| Expense Ratio: | 29.6 % |
Lot Information
| Singlewide Lots: | 81 |
| Doublewide Lots: | 7 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Septic |
