Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Multi Family Housing
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Multi Family Housing
Photo of Manufactured Home Community
Photo of Multi Family Housing
Photo of Manufactured Home Community

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 15.7%
  • Listing ID: 979158
  • Posted On: Aug 16, 2018
  • Updated On: Nov 6, 2018

Description

Beautiful park-like setting on the main highway to town. Located in upstate NY in the small community of Gouverneur. Less than 30 miles each direction from a college town and the Army Base of Fort Drum. The Zinc mines have just reopened and created a larger demand for housing.
This property has a third less taxes because it is just outside the Village and a good saving for the buyer--Municipal water paid by each tenant/resident.
Most of the residents have lived on the property over 10 years.

Owner will Carry with minimum 75,000 down for maximum 20 years with the very competitive interest rate of 6%

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 65.0 %
Average MH Lot Rent: $290
Size: 3 acre(s)

Financial Information (Actual)

Gross Income: $54,480
Operating Expense: $7,515
Net Operating Income: $46,000
Expense Ratio: 13.8 %

Lot Information

Singlewide Lots: 7
Doublewide Lots: 4

RV Information

Number of RV Lots: 1
Average RV Lot Rent: $350

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1
Average Rent for Park-owned Homes: $550