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11 School Ground Rd 6 Acres of Commercial Land Offered at $2,400,000 in Branford, CT 06405
INVESTMENT HIGHLIGHTS
- A High Quality Mobile Home Park with huge upside potential.
- A turn-key, plug and play investment.
- All new infrastructure including all new water mains in 2024
- HAS SIGNIFICANTLY BELOW MARKET RENT!!!!
- A pristine mobile home park with a maximum of 27 homes. ($2M individually)
- Purchase price is $75,000 per pad (per rent paying home)
EXECUTIVE SUMMARY
The School Grounds community is a pristine mobile home park with a maximum of 27 homes. This can also be purchased as a portfolio opportunity with 509-545 East Main Street, Branford, CT and 217 Dunham St, in Southington, CT for $13,700,000.00 (1031 Exchange), 7% cap rate and a combined projected NOI $ 961,000.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $2,400,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Total Lot Size | 6.00 AC | |
| No. Lots | 1 | ||
| Zoning | Mobile Home Park - Mobile Home Park | ||
| Price | $2,400,000 |
| Sale Type | Investment |
| Sale Conditions | |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 6.00 AC |
| Zoning | Mobile Home Park - Mobile Home Park |
1 LOT AVAILABLE
Lot
| Price | $2,400,000 | Lot Size | 6.00 AC |
| Price Per AC | $400,000.00 |
| Price | $2,400,000 |
| Price Per AC | $400,000.00 |
| Lot Size | 6.00 AC |
A pristine mobile home park with a maximum of 27 homes. Purchase price is $89,000 per pad (per rent paying home) Projected Net Operating Income is $167,000/year, starting in July 2026.
DESCRIPTION
Mobile Home Park with ground leases to 27 homes.
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11 School Ground Rd
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