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Deerfield Estates/Valley Estates Portfolio 1795 County Highway 107 63 Unit Mobile Home Park $2,195,000 ($34,841/Unit) 9.21% Cap Rate Amsterdam, NY 12010
Executive Summary
- This two-park portfolio of 63 Units comprising of 61 Tenant-Owned Homes and 2 Vacant Lots with full services, is a prime investment opportunity that promises a steady and reliable return on investment. This property is minutes to the picturesque Sacandaga Lake and 26 miles from vibrant Saratoga Springs, NY.
- Valley Estates (20 sites) is located at 1344 County Highway 107 in the town of Fort Johnson and is 2.2 miles down the road from Deerfield Estates (43 sites). Both parks have well water. Valley Estates has Septic while Deerfield has a waste water treatment plant (WWTP).
- Just recently spent over $30,000 on improvements to the WWTP at Deerfield Estates.
That work includes:
- groundwork to the surrounding area near the plant and the pump house: extensive regrading, new runoff ditch several hundred feet long
- installation of 5 new custom manhole risers
- relocating and upgrading electrical connections between the plant and pump house
- installation of a float mechanism with an emergency shut off trigger system for communication between the plant and the pump house.
- Preliminary plans in place for additional 22 lots on vacant land next to Deerfield Estates.
- Located in Fulton County
- Valley Estates (20 sites) is located at 1344 County Highway 107 in the town of Fort Johnson and is 2.2 miles down the road from Deerfield Estates (43 sites). Both parks have well water. Valley Estates has Septic while Deerfield has a waste water treatment plant (WWTP).
- Just recently spent over $30,000 on improvements to the WWTP at Deerfield Estates.
That work includes:
- groundwork to the surrounding area near the plant and the pump house: extensive regrading, new runoff ditch several hundred feet long
- installation of 5 new custom manhole risers
- relocating and upgrading electrical connections between the plant and pump house
- installation of a float mechanism with an emergency shut off trigger system for communication between the plant and the pump house.
- Preliminary plans in place for additional 22 lots on vacant land next to Deerfield Estates.
- Located in Fulton County
Property Facts
| Price | $2,195,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $34,841 | Building Class | C |
| Sale Type | Investment | Lot Size | 25.00 AC |
| Cap Rate | 9.21% | Building Size | 1 SF |
| Gross Rent Multiplier | 5.78 | Average Occupancy | 97% |
| No. Units | 63 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $2,195,000 |
| Price Per Unit | $34,841 |
| Sale Type | Investment |
| Cap Rate | 9.21% |
| Gross Rent Multiplier | 5.78 |
| No. Units | 63 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 25.00 AC |
| Building Size | 1 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 1970 |
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Property Taxes
| Parcel Number | 173600-166-000-0001-047-000-0000 | Improvements Assessment | $444,600 |
| Land Assessment | $36,400 | Total Assessment | $481,000 |
Property Taxes
Parcel Number
173600-166-000-0001-047-000-0000
Land Assessment
$36,400
Improvements Assessment
$444,600
Total Assessment
$481,000
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Deerfield Estates/Valley Estates Portfolio | 1795 County Highway 107
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