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Address is 110 Dublin Road Cheshire, MA 01225

Jacqueline Sawchik

Marcus & Millichap - McClellan & Baskin

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Mountain View MHC and Pine Valley MHC

Mobile Home Park for Sale in Cheshire, Massachusetts

110 Dublin Road
Cheshire, MA 01225

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Sale Price: $4,590,000
 

Contact Information

Jacqueline Sawchik
Marcus & Millichap - McClellan & Baskin

Mobile Home Park for Sale

Number of MH Lots: 176
Size: 51.8 acre(s)
Cap Rate: 7.2%
Status: Active
Property ID: 831508
Posted on: Jul 11, 2017
Updated on: Jul 11, 2017
Price: $4,590,000

Property Description

Marcus & Millichap is pleased to present an opportunity to acquire a portfolio consisting of two manufactured housing communities located in Massachusetts.

Portfolio consists of two MHC's located Ludlow and Cheshire
Mountain View MHC: 229 Miller Street, Ludlow, MA 01056
Pine Valley MHC: 110 Dublin Road, Cheshire, MA 01225

The communities can be purchased as a portfolio or individually.

Location Description

Mountain View MHC is near the border of Connecticut and Massachusetts and located approximately 40 minutes from the Bradley International Airport.

Pine Valley MHC is part of the Pittsfield MSA located in Western Massachusetts.

Park Information

Number of MH Lots:176
Total Occupancy:94.0%
Year Built:1960
Average MH Lot Rent: $282
Size:51.8 acre(s)

Financial Information (Pro Forma)

Gross Income$567,866
Operating Expense$239,193
Net Operating Income$328,674
Expense Ratio 42.1%
Debt Info

Lot Information

Singlewide Lots:176

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:5