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Address is 2081 County Rte 1 Oswego, NY 13126

Steven Tomaso

IRE Investment

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Fawn Estates

Mobile Home Park for Sale in Oswego, New York - Price Reduced!

2081 County Rte 1
Oswego, NY 13126

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Sale Price: $420,000

Contact Information

Steven Tomaso
IRE Investment

Mobile Home Park for Sale

Number of MH Lots: 20
Size: 12.5 acre(s)
Cap Rate: 10.1%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 939360
Posted on: Jun 08, 2018
Updated on: Aug 13, 2018
Price: $420,000

Property Description

Fawn Estates is an excellent opportunity to purchase a cash
flowing mobile home park with upside. The property has 20
mobile home spaces with 15 occupied,1 vacant home available for
remodel, 4 vacant spots, 1 stick built home and includes 2
enclosed garages one for equipment & 1 for rent. Two of the 15
occupied homes are park owned homes being rented out.
The property is on city water, which is paid for by the park. This
could be sub-metered for extra income potential. The sewer
system is septic.The property has 18 singlewide lots and 2 doublewide lots.

Park Information

Number of MH Lots:20
Total Occupancy:81.8%
Year Built:1970
Average MH Lot Rent: $255
Size:12.5 acre(s)

Financial Information (Actual)

Gross Income$58,440
Operating Expense$16,040
Net Operating Income$42,400
Expense Ratio 27.4%
Debt Info

Lot Information

Singlewide Lots:18
Doublewide Lots:2

Utility Information

Water Paid By: Park

Park-Owned Homes

Number of Park-owned Homes:2
Average Rent for Park-owned Homes: $650

Amenities and Other

Storage: Yes