45 Pumphouse Rd - Manufactured Housing/Mobile Housing FOR SALE


Hancock, NY 13783
$350,000 USD
607-434-3318
45 Pumphouse Rd, Hancock, NY for Sale
$350,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 10.6% Cap Rate

45 Pumphouse Rd
Hancock, NY 13783


HIGHLIGHTS

  • Consistent rent.
  • Riverfront property.
  • 3 of 6 units are owned by landowner.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$50 USD /SF

# OF UNITS

6

PRICE/UNIT

$58,333

CAP RATE

10.6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.06 AC

LAND SF

89,734 SF

ZONING

R-1

APN/PARCEL ID

123601-429-017-0003-002-000

ASK ABOUT THIS PROPERTY

Christopher GrossUpper Delaware Real EstateMore Info
607-434-3318

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Christopher GrossUpper Delaware Real EstateMore Info
607-434-3318

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