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Mobile Home Park Details

  • Price: $435,000
  • Cap Rate: 6.3% (Actual)
  • Listing ID: 6961479
  • Posted On: Aug 11, 2025
  • Updated On: Aug 11, 2025

Description

Discover the perfect blend of income potential and country living with this unique property in Hannibal. Situated on over 20 secluded acres, this 7-lot mobile home park includes 4 park-owned homes and 3 tenant-owned homes, providing steady rental income from day one. On the other side of the road sits a charming stick-built 3-bedroom, 3.5-bath home featuring a full basement, two-stall garage, and an in-ground pool-ideal for owner-occupancy or as an additional rental unit for even more cash flow. Whether you choose to live in the home and let the park cover your mortgage (and then some), or rent it out for maximum returns, the options are wide open.

Location

Located in Oswego County

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Park Information

Number of MH Lots: 7
Total Occupancy: 95.0 %
Size: 20 acre(s)

Financial Information (Actual)

Gross Income: $45,300
Operating Expense: $15,524
Net Operating Income: $27,511
Expense Ratio: 34.3 %

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