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% (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 |
