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1 Sunnyside Est 1,060,250 SF Specialty Building Offered at $750,000 at a 11.70% Cap Rate in Middlesex, NY 14507

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INVESTMENT HIGHLIGHTS

  • significant upside through infill opportunities and the potential to expand with 15 additional lots.

EXECUTIVE SUMMARY

Sunnyside Mobile Home Park in Naples, NY, presents a compelling value-add opportunity with 41 lots, 23 of which are occupied, generating an average lot rent of $425/month. The park includes 11 park-owned homes, with 9 currently occupied and providing immediate income. It features essential infrastructure, including a septic system with a pump house and well water, supported by brand-new 3-inch water lines for reliable, low-maintenance operations. Offered at an 11.7% cap rate on current income, the property provides significant upside through infill opportunities and the potential to expand with 15 additional lots.

PROPERTY FACTS

Price $750,000
Price Per SF $0.71
Sale Type Investment
Cap Rate 11.70%
Property Type Specialty
Property Subtype Trailer/Camper Park
Building Class C
Lot Size 24.37 AC
Building Size 1,060,250 SF
No. Stories 1
Year Built 1990
Zoning R - residential zone

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
572400 43.04-1-5
Land Assessment
$270,000
Improvements Assessment
$254,000
Total Assessment
$524,000
  • Listing ID: 34641835

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 1 Sunnyside Est, Middlesex, NY 14507

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