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Browse More Listings in Multifamily For Sale, Marathon, NY or New York

Multifamily Property For Sale

Riverview Manor

1837 Route 11, Marathon, NY 13803

Price:
$699,900
No. Spaces:
42
Building Size:
2,000 SF
Price/Space:
$16,664.29
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
9.30%
Occupancy:
92%
Year Built:
1985
Lot Size:
26.20 AC
Tax ID / APN #:
139.00.02-02
Find Out More...

Last Verified 11/5/2009 Listing ID 14437144

Highlights

excellent cash flow
potential to expand
2 fam house incl ( fully rented )

Terms available
nicely spaced units.
on- site mgr : perfect for absentee owner !

Description

Park sits on 26.2 acres has a 2 fam house ( included ) and a maintenance barn

Paved State Highway with ready access to Interstate Highway 3 Mi

Space Mix Information

Actual
Year
2006
Scheduled Gross Income
$124,800
Total Expenses
$43,182
Net Operating Income
$81,618
Debt Service
$23,502
Pre-Tax Cash Flow
$58,116

Description	Avg. Mo. Rent
42 pads	$225
2 fam house incl	$1,250
maintenance barn	$100
on site mgr	$100

Map of 1837 Route 11, Marathon, NY 13803 (Cortland County)

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Created 12/14/2005

Additional Information for 1837 Us 11, Marathon, NY 13803

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - Riverview Manor

1837 Route 11, Marathon, NY, 13803