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Profit Potential in Smithville Flats!

Land | 2.48 acres

Listing Contacts

Active

Asking Price: $120,000
Address 

116 Pantry Dr, SMITHVLE FLTS, NY 13841

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Date Added
Dec 5, 2024
Days on Market
136 days
Time Since Last Update
24 days

Details

Property TypeLand, Mobile Home Park
SubtypeCommercial
Cap Rate15.00%
NOI$16,300
Units3
Year Built1970
ZoningCommercial
Lot Size (acres)2.48
Broker Co-OpYes
APN202.17-2-38
IntelligenceINTELLIGENCE
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Marketing Description

Do miss the opportunity to own a real money maker in Smithville Flats! This property consists of 4 mobile home lots, 3 or which have mobile homes on them currently, and 1 vacant lot ready for someone to move on to! 2 of the Mobile homes are currently rented at $900/month and are owned by the Seller.​ The other mobile home is tenant owned and currently pays lot rent of $450.​ The total revenue and net income on this property are ideal, especially with the low maintenance and time and effort to maintain! This property also has phase 3 electric and could be the perfect spot for your next commercial business! Call today!

Investment Highlights

-4 Mobile Home Lots

-2 seller-owned mobile homes rented at $900/month each

-1 tenant-owned mobile home with lot rent of $450/month

-1 vacant lot ready for a new tenant

-High revenue and low maintenance

Valuation Calculator

Valuation Calculator

Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,300.00
$1,358.33/mo

Valuation Metrics

0
DSCR
13.58%
Cap Rate
13.58%
ROI

Due Diligence

Due diligence information will be provided.
Please reach out to the listing contacts for details.

Contact

Listing Contacts


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Additional Information
Broker Name
Steph Jacobson
Broker License
NY 10401301213
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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