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Streamside Estates 190 Cherrytown Rd 18 Unit Mobile Home Park $750,000 ($41,667/Unit) 7.50% Cap Rate Kerhonkson, NY 12446
Executive Summary
*Ulster County MHC
*20 Acres
*15 tenant owned home lot leases
*1 expansion lot (has water & electric, needs septic)
*1 Duplex (2 rented units) - see rent roll
*Private Septic
*Private Well
*The park has paved roads
*Ulster County is one of the most desirable counties for manufactured housing communities. The market has strong rents and low occupancy. It's location in relation to NYC makes this very popular among many mobile home park investors.
*20 Acres
*15 tenant owned home lot leases
*1 expansion lot (has water & electric, needs septic)
*1 Duplex (2 rented units) - see rent roll
*Private Septic
*Private Well
*The park has paved roads
*Ulster County is one of the most desirable counties for manufactured housing communities. The market has strong rents and low occupancy. It's location in relation to NYC makes this very popular among many mobile home park investors.
Property Facts
| Price | $750,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $41,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 20.00 AC |
| Cap Rate | 7.50% | Building Size | 1 SF |
| Gross Rent Multiplier | 7.19 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Price | $750,000 |
| Price Per Unit | $41,667 |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Gross Rent Multiplier | 7.19 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | B |
| Lot Size | 20.00 AC |
| Building Size | 1 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
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Property Taxes
| Parcel Number | 514400 67.-2-43.151-1 | Improvements Assessment | $254,000 |
| Land Assessment | $300,000 | Total Assessment | $554,000 |
Property Taxes
Parcel Number
514400 67.-2-43.151-1
Land Assessment
$300,000
Improvements Assessment
$254,000
Total Assessment
$554,000
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Streamside Estates | 190 Cherrytown Rd
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