Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
 - Cap Rate: 15.7% (Actual)
 - 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 |