Listed by eXp Commercial
$3,700,000
Confidential NY MHP/Campground Listing #02182026
Details
Property Type Mobile Home Park
Sub Type Mobile Home Park
Units 120
Cap Rate 8.86%
NOI $328,000
Pro-Forma Cap Rate 11.03%
Pro-Forma NOI $408,000
Broker Co-Op No
Mobile Home Park | 8.86% CAP
Marketing description
THIS IS A CONFIDENTIAL HYBRID RV / MHP LISTING IN NEW YORK. TO VIEW FINANCIALS CLICK VIEW OM* OR **SEE DUE DILIGENCE”, SIGN THE CONFIDENIALITY AGREEMENT, AND YOU WILL HAVE IMMEDIATE ACCESS.
Please reach out to Gerard Aroneo withth the MHPVALUE team direct at 908.305.0094 or [email protected] for any questions about the listing or assitance with the offering memorandum and confidnetiality agreement.
Investment highlights
~120 units: ~40 mobile home lots and ~80 seasonal RV’s
Private utilities - septic and well
90% Occupied, Highly Recurring Seasonal RVs
Under market rents
Needs to close by end of April due to 1031 exchange timelines
Listing Contacts
Listed by eXp Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$328,000.00
$27,333.33/mo
Valuation Metrics
0
DSCR
8.86%
Cap Rate
8.86%
ROI
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