$ 700,000
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$700,000
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SqFt
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About the Listing EXPRLT - 31364
Investor Opportunity – Income-Producing Mobile Home Park (Land Only). This listing is for the land associated with a trailer park; no trailers are included in the sale. The property consists of 10 income-producing pad sites, each with individual septic systems and water supplied by the landlord. Current lot rents are $700 per month per pad, generating $84,000 in annual gross income. Annual operating expenses are approximately $11,778, including $8,778 in taxes, $2,400 in dumpster fees, and $600 in electric for the well, resulting in a net operating income of approximately $72,222. This represents a strong double-digit cap rate at the asking price. There is additional upside with potential for 2 additional pad sites. Electric, water, and septic are already in place; pads would require concrete slabs to become rentable, subject to town approval. Market rents in the area support higher rates, offering further long-term upside. Owner financing may be considered depending on down payment and balloon terms. Ideal for cash or 1031 buyers. Do not disturb tenants. Showings by appointment only.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Oil,Propane
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Shared Well
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Septic Tank
- Parking Features: Common,Driveway,Off Street
Financial Details
- Tax Amount: $8,778
- Taxes w/Assessments: N/A
- Tax/Property ID: 335200-046-000-0001-075.000-0000
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
120 Casimer Rd Unit 124 Middletown, NY 10941
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