Property Description

The Lake Luzerne MHP is a 23 site property with public water, septic, occupied with 18 resident owned homes, 1 park owned home (unoccupied) and a cap rate of just over 11%. Property is very turn key and has some room for upside with 4 lots still open.

Mobile Home Park Details

  • Price:
  • Cap Rate: 11.1%
  • Property ID: 885374
  • Posted on Dec 9, 2017
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Park Information

Community Type: All Age
Number of MH Lots: 23
Total Occupancy: 70.0 %
Year Built: 1970
Average MH Lot Rent: $395
Size: 3.7 acre(s)

Financial Information (Actual)

Gross Income $75,498
Operating Expense $10,981
Net Operating Income $64,517
Expense Ratio 14.5 %
Debt Info None

Lot Information

Singlewide Lots: 23
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $0

Map

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