Manufactured Home Park on the River
92,000sf Industrial Complex In Upstate New York
April 3, 2025
Spectacular Views In Upstate New York
April 23, 2025Manufactured Home Park on the River
Property Details
- Bedrooms / Bathrooms
- Listing price: $350,000
- Address: 45 Pumphouse Rd., Hancock, NY 13783
- Acreage: 2.08
- Built: various
Land Info
- Lot size: 2.08 acres
- Land type: Riverfront
- Water: municipal
- Sewer: municipal
- Frontage: approx. 250
- Recreational Water? off
Building Info
- Type of home: Various
Other Features
- Personal Property Included: off
- Taxes: Village- $1,645; Town & County- $1,221; School- $1,743.
- Utilities: $265/trailer per quarter, paid by tenants.
- Special Features/Restrictions: 228' frontage on East Branch Delaware River. GSI- $51,000 EGI- $50,250 OE- $13,009 NOI- $37,241 Cap Rate- 10.6%
Listing Agent
Unique opportunity to own an income producing property with usable river frontage. This manufactured home park consists of 2.08 acres of surveyed land and currently has 6 units. 3 of the units are owned by others, who pay lot rent, and the other 3 units are owned by the landowner and are rented to others.
The 10.6% Cap Rate is based on an NOI of $37,241. Recent upgrades include new water lines.
Property has 228′ frontage on the East Branch Delaware River. Owned units include a double-wide manufactured home rented at $1,100/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $575 lot rent, respectively. Tenants pay individual water & sewer charges.
