Listed by IRE Investment
$839,000
Granite Creek
Details
Property Type Mobile Home Park
Units 12
Cap Rate 8.66%
NOI $72,628
Occupancy 100%
Pro-Forma Cap Rate 9.2%
Pro-Forma NOI $77,183
Class B
Acreage 12.200
Mobile Home Park | 8.66% CAP
Marketing description
*80 Miles from New York City.
*Expansion opportunities. Potential for 36 more sites.
*12 unit MHP
*12.2 Acre Parcel , with a potential for expansion pending city approvals currently only 2 acres are developed.
*Well and 7 Septic tanks that are in great shape.
*Vacancy rate less than 1% for rentals in Ulster County.
*Located near restaurants, wineries and minewaska state park.
*Hospitals and wal-marts are with in a 5 minute travel.
*Upside in rent increases.
*Located in a certifiable Targeted Employment Area (TEA). Possibly an Eb-5 development opportunity.
*Mostly Tenant Owned with One Park Owned Home
*TENANTS ALL PAY- this is a great turn key property
*Located in Ulster County
Listing Contacts
Listed by IRE Investment
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$72,628.00
$6,052.33/mo
Valuation Metrics
0
DSCR
8.66%
Cap Rate
8.66%
ROI
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