991 US Highway 11 - Manufactured Housing/Mobile Housing FOR SALE


Gouverneur, NY 13642
$599,000 USD
315-778-1290
991 US Highway 11, Gouverneur, NY for Sale
$599,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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991 US Highway 11
Gouverneur, NY 13642


HIGHLIGHTS

  • Close proximity to Fort Drum
  • Long Term tenants in place
  • 11 total acres, plenty of room for expansion

OVERVIEW

Mobile Home Park Investment Opportunity – Gouverneur, NY | (Projected) 10.24% Cap | Expansion Potential Come take a look at a cash-flowing mobile home park on 11 acres in Gouverneur, NY, originally established in 1975. This value-add opportunity features stable income, public utilities, and a significant expansion upside. With a projected Cap Rate at 10.24%, opportunity is there! The park currently is at an occupancy rate of 65% (vacancy rate 35%). There are 20 Total Manufactured Homes at this time – 12 park-owned, 6 tenant-owned, 2 vacant. Property also features more acres in rear, zoned for development. Property also comes with connected SEWER and WATER.

FOR SALE DETAILS

PRICE

$599,000 USD

# OF UNITS

20

PRICE/UNIT

$29,950

CAP RATE

11.79%

% LEASED

73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Stonington Acres

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

20

LAND DETAILS

LAND ACRES

11.1 AC

LAND SF

483,516 SF

ZONING

Commercial

APN/PARCEL ID

404089-173-054-0001-005-111-0000

ASK ABOUT THIS PROPERTY

Karen PeeblesBerkshire Hathaway HomeServices NY PropertiesMore Info
315-778-1290

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Karen PeeblesBerkshire Hathaway HomeServices NY PropertiesMore Info
315-778-1290

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