Contact Information
Mobile Home Park Details
- Price: $3,350,000
- Cap Rate: 5.5% (Actual)
- Listing ID: 6978890
- Posted On: Sep 30, 2025
- Updated On: Sep 30, 2025
Description
- We are pleased to present Maplehurst MHC, a 50 lot, 55+ retirement manufactured home community that's 100% occupied and located in Horseheads NY.
- The community is comprised on 50 MH lots, all of which are tenant owned, and 94% of it's tenants sign an annual lease agreement. Current homesite rents at Maplehurst MHC are at market value. Maplehurst MHC also has weekly curbside trash pickup and is on private well & septic, all of which are paid for by the current owner.
Location
- Horseheads NY is located 8 miles from the Chemung Regional Airport and 14 miles from Corning NY the "Crystal City", Horseheads provides the ideal , small hometown feel, with all the conveniences of a big city.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 50 |
| Total Occupancy: | 100.0 % |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $298,404 |
| Operating Expense: | $115,503 |
| Net Operating Income: | $182,901 |
| Expense Ratio: | 38.7 % |
Utility Information
| Water: | Well |
| Sewer: | Septic |
