407 N. Midler Ave.
Syracuse, NY 13206 ·
120 Spaces · Multifamily For Sale
Foland Mobile Home Park
|Price||N/A||Property Use Type||Investment|
|No. Spaces||120||Cap Rate||13.50%|
|Property Sub-type||Mobile Home/RV Community||Lot Size||10.40 SF|
|Listing ID: 16608834||Date Created: 03/13/2010||Last Updated: 08/16/2010|
Mobile Home Park is set on 10.4 acres and includes 70 occupied pads, with a total of 120 pads on site. Park has public water and sewer and is located in the East Syracuse Minoa School District. Syracuse address, but located in Dewitt township. Park owner has recently relocated its business and the several on-site buildings are available for future owners use, or to rent for additional income (SUCH POTENTIAL INCOME IS NOT INCLUDED IN NOI). Those buildings include: two single-family houses, 6,000 sf retail building, 1,400 sf 3-bay garage, and 1,200 sf office/service building. Southwest corner of site includes vacant 3 acres portion that could be developed for additional mobile home sites or subdivided. Total site is comprised of 3 contiguous tax parcels.
Actual 2009 NOI includes property taxes based on current assessment of $1,134,800. Upon re-assessment following sale, taxes are projected to be reduced by $15,000+-. 2009 expenses do not include property management fee.
From intersection of James and Midler in the heart of Eastwood, take Midler Ave. north 1/2 mile to right turn onto N. Midler Ave. - site 1/4 mile on left.
From Carrier Circle, go west on Rt. 298 just 900' to left at Court Street Rd, then 1/2 mile to left turn at N. Midler Ave. - site on right.
- 120 total pad sites, with 3 acres for possible expansion of mobile park
- East Syracuse Minoa Schools
- Public Sewer
- Public Water
- Projected income from vacant buildings formely owner occupied: $20,000
- Upon sale and re-assessment, taxes projected to be reduced by approx. $15,000
No Photo246 Girard
Syracuse, NY 13207
For Sale · Price Not Disclosed
8,800 SF Building
6031 East Taft Rd
North Syracuse, NY 13212
For Sale · $500,000
9,468 SF Building
800 E Water Street
Syracuse, NY 13210
For Sale · $825,000
8,000 SF GLA
110 Griffiths Street
Syracuse, NY 13208
For Sale · $599,000
11,112 SF Building
Not exactly what you're looking for? Start a new custom search to find the perfect property
The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.