32191 Old Rte 3 st - Manufactured Housing/Mobile Housing FOR SALE


Carthage, NY 13619
$299,000 USD
585-204-0237

NO PHOTO

$299,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
null | 13% Cap Rate

32191 Old Rte 3 st
Carthage, NY 13619


OVERVIEW

Fairhaven is an infill value-add manufactured-home community offered at $299,000. The park runs on municipal water and sewer and is anchored by eight paying tenant-owned homes — the owner retains only the land and infrastructure, keeping recurring capital expense minimal. Two levers carry the asset from a 6.0% in-place yield to a 13%+ stabilized return: (1) lease up the four vacant park-owned lots — each with utility hookups in place — at $350/mo market lot rent, and (2) mark a below-market legacy rent (Lot 3 at $100) to market on renewal. The sale also includes the adjacent undeveloped parcel (Tax No. 76.05-1-11.3) at no additional cost, offering future expansion beyond the existing 12 sites, subject to municipal approvals. The community sits roughly ten minutes from Fort Drum — the largest single-site employer in New York State — within a majority-renter village where affordable, federally anchored housing demand is durable.

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$37 USD /SF

# OF UNITS

12

PRICE/UNIT

$24,917

CAP RATE

13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

223089-076-005-0001-012-100

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Galen Faurot-PigeonAffordable Luxury RentalsMore Info
585-204-0237

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Galen Faurot-PigeonAffordable Luxury RentalsMore Info
585-204-0237

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