Manufactured Home Park on the River
Manufactured 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.
