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28880423
28880424

42 Island Rd, Phoenix, NY 13135

ST
FL 3536754
IRE Investment
Listed by IRE Investment
$515,000
175 days on market
Updated 59 days ago

Evergreen Estates

Details
Property Type Mobile Home Park
Units 11
Cap Rate 7.75%
NOI $39,923
Occupancy 98%
Pro-Forma Cap Rate 11.57%
Pro-Forma NOI $59,610
Class C
Acreage 7.000

Mobile Home Park | 7.75% CAP

Marketing description

Prime Investment Opportunity: Nestled in close proximity to the cutting-edge Micron chip plant development, this multi-family property at 42 Island Rd offers an unparalleled chance to capitalize on the burgeoning tech industry boom. The strategic location ensures a promising return on investment for savvy buyers looking to tap into the potential growth and prosperity of the area.

Lucrative Rental Income: Boasting 8 tenant-owned homes generating a steady income of $381 per month each, 1 rent to own and one rental, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on-site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers.

Located in Oswego County

Listing Contacts

ST
FL 3536754
IRE Investment
Listed by IRE Investment

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$39,923.00
$3,326.92/mo

Valuation Metrics

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DSCR
7.75%
Cap Rate
7.75%
ROI

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