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Fawn Estates

Manufactured Home Community for Sale in Oswego, New York

2081 County Rte 1
Oswego, NY 13126

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This Mobile Home Park is Off Market

View more Mobile Home Parks for Sale in Oswego, NY.

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: Off Market
Property ID: 939360
Posted on: Jun 08, 2018
Updated on: Oct 19, 2018

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:City
Water Paid By: Park
Sewer:Septic

Park-Owned Homes

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

Amenities and Other

Storage: Yes