Deerfield Estates/Valley Estates Portfolio
Mobile Home Park | 9.40% CAP
Marketing description
- This two-park portfolio of 63 Units comprising of 61 Tenant-Owned Homes and 2 Vacant Lots with full services, is a prime investment opportunity that promises a steady and reliable return on investment. This property is minutes to the picturesque Sacandaga Lake and 26 miles from vibrant Saratoga Springs, NY.
- Valley Estates (20 sites) is located at 1344 County Highway 107 in the town of Fort Johnson and is 2.2 miles down the road from Deerfield Estates (43 sites). Both parks have well water. Valley Estates has Septic while Deerfield has a waste water treatment plant (WWTP).
- Just recently spent over $30,000 on improvements to the WWTP at Deerfield Estates.
That work includes:
- groundwork to the surrounding area near the plant and the pump house: extensive regrading, new runoff ditch several hundred feet long
- installation of 5 new custom manhole risers
- relocating and upgrading electrical connections between the plant and pump house
- installation of a float mechanism with an emergency shut off trigger system for communication between the plant and the pump house.
- Preliminary plans in place for additional 22 lots on vacant land next to Deerfield Estates.
- Located in Fulton County
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