Listed by IRE Investment
$1,690,000
Bennett's Mobile Court
Details
Property Type Mobile Home Park
Units 38
Cap Rate 10.8%
NOI $182,448
Occupancy 88.03%
Tenancy Multi
Pro-Forma Cap Rate 12.29%
Pro-Forma NOI $207,693
Class C
Acreage 26.000
Investment Type Stabilized
Ownership Fee Simple
Mobile Home Park | 10.80% CAP
Investment highlights
• Prime Investment Opportunity! This multi-family property boasts a
total of 38 units, offering a mix of 18 tenant-owned homes, 16 park-
owned homes (1 vacant home in need of renovation), and 2 vacant
lots - one pad already installed.
Additionally, there is a fully finished, heated workshop measuring
26'x72' with a bath, all situated on a subdivided acre lot that is pro
forma to be rented at $1,000 per month and a Communication
Center that generates $200 per month.
• 26 Acres - Verbal from the town for an additional 50 lots.
• Private Wells/ Septic Systems
• Located in the Finger Lakes Region, just 9 miles from vibrant
Auburn, NY, the largest city in Cayuga County with a population of
26,866, and a mere 10 miles from the iconic Seneca Falls.
Listing Contacts
Listed by IRE Investment
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$182,448.00
$15,204.00/mo
Valuation Metrics
0
DSCR
10.8%
Cap Rate
10.8%
ROI
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