42 Island Rd - Manufactured Housing/Mobile Housing FOR SALE


Phoenix, NY 13135
$625,000 USD
518-379-0652
42 Island Rd, Phoenix, NY for Sale
$625,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | 10.29% Cap Rate

42 Island Rd
Phoenix, NY 13135


OVERVIEW

Prime Investment Opportunity: Nestled in close proximity to the cutting-edge Micron chip plant development, this multi-family property at 42 Island Rd offers an unparalleled chance to capitalize on the burgeoning tech industry boom. The strategic location ensures a promising return on investment for savvy buyers looking to tap into the potential growth and prosperity of the area. Endless Expansion Potential: With the opportunity to double the park size, this property presents a lucrative prospect for investors with a vision for development. Whether you're an experienced developer or a newcomer to the real estate market, the chance to expand and enhance the property's value is within reach, promising substantial returns in the long run. Lucrative Rental Income: Boasting six tenant-owned homes generating a steady income of $381 per month each, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on-site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers. Located in Oswego County

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$6,250 USD /SF

# OF UNITS

11

PRICE/UNIT

$56,818

CAP RATE

10.29%

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Evergreen Estates

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

-

APN/PARCEL ID

354400-239-000-0003-021-002-0000

ASK ABOUT THIS PROPERTY

Steve TomasoIRE InvestmentMore Info
518-379-0652

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Steve TomasoIRE InvestmentMore Info
518-379-0652

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