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Pine Bluff - Kennedy NY 2390 US 62 200 Unit Mobile Home Park $2,400,000 ($12,000/Unit) 6.25% Cap Rate Kennedy, NY 14747
INVESTMENT HIGHLIGHTS
- 200 Space Park in New York
- Long Term Growth Opportunity
- Stable Property with Huge Value Add Opportunity
EXECUTIVE SUMMARY
200 Space Mobile Home Park For Sale in Kennedy, NY
Fantastic upside opportunity in a quiet, rural Western New York community. Kennedy offers small-town charm, easy access to Jamestown, and a mix of local amenities, open space, and affordable living, making it an ideal location for long-term residents and future growth.
This well-maintained park is nearly fully occupied, featuring a mix of tenant-owned and park-owned homes. Only 3 park-owned homes are currently vacant, offering immediate value-add potential. The property operates on private utilities, adding operational efficiency.
A major highlight is the significant expansion upside:
Approx. 40 vacant lots with existing infrastructure ready for new homes
Licensed for an additional 100 undeveloped spaces, perfect for phased growth or new home infill
Current financials:
Gross Income: approx. $320,000
Net Income: approx. $150,000
Projected Potential:
Upon full infill of existing vacant lots and development of the additional licensed spaces, conservative projected potential NOI could reach an estimated $500,000+, making this an exceptional long-term growth opportunity.
This park is ideal for investors seeking a stabilized asset with substantial expansion capacity and strong future returns.
Fantastic upside opportunity in a quiet, rural Western New York community. Kennedy offers small-town charm, easy access to Jamestown, and a mix of local amenities, open space, and affordable living, making it an ideal location for long-term residents and future growth.
This well-maintained park is nearly fully occupied, featuring a mix of tenant-owned and park-owned homes. Only 3 park-owned homes are currently vacant, offering immediate value-add potential. The property operates on private utilities, adding operational efficiency.
A major highlight is the significant expansion upside:
Approx. 40 vacant lots with existing infrastructure ready for new homes
Licensed for an additional 100 undeveloped spaces, perfect for phased growth or new home infill
Current financials:
Gross Income: approx. $320,000
Net Income: approx. $150,000
Projected Potential:
Upon full infill of existing vacant lots and development of the additional licensed spaces, conservative projected potential NOI could reach an estimated $500,000+, making this an exceptional long-term growth opportunity.
This park is ideal for investors seeking a stabilized asset with substantial expansion capacity and strong future returns.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,400,000 | Building Class | C |
| Price Per Unit | $12,000 | Lot Size | 23.50 AC |
| Sale Type | Investment | Building Size | 999 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| No. Units | 200 | Year Built/Renovated | 1950/2000 |
| Property Type | Multifamily | Cross Streets | acorn st |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | 410 | ||
| Price | $2,400,000 |
| Price Per Unit | $12,000 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| No. Units | 200 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 23.50 AC |
| Building Size | 999 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2000 |
| Cross Streets | acorn st |
| Zoning | 410 |
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PROPERTY TAXES
| Parcel Number | 065600 373.00-1-29 | Total Assessment | $712,000 (2024) |
| Land Assessment | $230,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $482,000 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
065600 373.00-1-29
Land Assessment
$230,000 (2024)
Improvements Assessment
$482,000 (2024)
Total Assessment
$712,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Pine Bluff - Kennedy NY | 2390 US 62
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