1 Sunnyside Est - Specialty FOR SALE


Middlesex, NY 14507
$750,000 USD

NO PHOTO

$750,000 USD
Specialty - FOR SALE
null | 11.7% Cap Rate

1 Sunnyside Est
Middlesex, NY 14507


HIGHLIGHTS

  • significant upside through infill opportunities and the potential to expand with 15 additional lots.

OVERVIEW

Sunnyside Mobile Home Park in Naples, NY, presents a compelling value-add opportunity with 41 lots, 23 of which are occupied, generating an average lot rent of $425/month. The park includes 11 park-owned homes, with 9 currently occupied and providing immediate income. It features essential infrastructure, including a septic system with a pump house and well water, supported by brand-new 3-inch water lines for reliable, low-maintenance operations. Offered at an 11.7% cap rate on current income, the property provides significant upside through infill opportunities and the potential to expand with 15 additional lots.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$0.71 USD /SF

CAP RATE

11.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

24.37 AC

LAND SF

1,061,515 SF

ZONING

R

APN/PARCEL ID

572400 43.04-1-5

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