2390 US 62 - Manufactured Housing/Mobile Housing FOR SALE


Kennedy, NY 14747
$2,400,000 USD
209-408-7788
2390 US 62, Kennedy, NY for Sale
$2,400,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/19
null | 6.25% Cap Rate

2390 US 62
Kennedy, NY 14747


HIGHLIGHTS

  • 200 Space Park in New York
  • Stable Property with Huge Value Add Opportunity
  • Long Term Growth Opportunity

OVERVIEW

CALL ROBERT MERCHANT FOR MORE INFORMATION AT 209-996-4075 200 Space Mobile Home Park For Sale in Kennedy, NY Fantastic upside opportunity in a quiet, rural Western New York community. Kennedy offers small-town charm, easy access to Jamestown, and a mix of local amenities, open space, and affordable living, making it an ideal location for long-term residents and future growth. This well-maintained park features a mix of tenant-owned and park-owned homes. Only 3 park-owned homes are currently vacant and it offers immediate value-add potential with approx. 40 vacant lots with existing infrastructure ready for new homes. The property operates on private utilities, adding operational efficiency. Another major highlight and significant expansion upside is that the park is licensed for an additional 100 undeveloped spaces, perfect for phased growth or new home infill Current financials: Gross Income: approx. $320,000 Net Income: approx. $150,000 Projected Potential: Upon full infill of existing vacant lots and development of the additional licensed spaces, conservative projected potential NOI could reach an estimated $500,000+, making this an exceptional long-term growth opportunity. This park is ideal for investors seeking a stabilized asset with substantial expansion capacity and strong future returns.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$2,402 USD /SF

# OF UNITS

200

PRICE/UNIT

$12,000

CAP RATE

6.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pine Bluff - Kennedy NY

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

23.5 AC

LAND SF

1,023,660 SF

ZONING

410

APN/PARCEL ID

065600 373.00-1-29

ASK ABOUT THIS PROPERTY

Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

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Rachel MerchantCCI Investments, LLCMore Info
209-408-7788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.