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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
CALL ROBERT MERCHANT FOR MORE INFORMATION AT 209-996-4075
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 features a mix of tenant-owned and park-owned homes. Only 3 park-owned homes are currently vacant and it offers immediate value-add potential with approx. 40 vacant lots with existing infrastructure ready for new homes. The property operates on private utilities, adding operational efficiency.
Another major highlight and significant expansion upside is that the park is 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.
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 features a mix of tenant-owned and park-owned homes. Only 3 park-owned homes are currently vacant and it offers immediate value-add potential with approx. 40 vacant lots with existing infrastructure ready for new homes. The property operates on private utilities, adding operational efficiency.
Another major highlight and significant expansion upside is that the park is 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) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$346,512
|
$346.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,326
|
$17.34
|
| Effective Gross Income |
$329,186
|
$329.52
|
| Taxes |
$39,600
|
$39.64
|
| Operating Expenses |
$139,908
|
$140.05
|
| Total Expenses |
$179,508
|
$179.69
|
| Net Operating Income |
$149,678
|
$149.83
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $346,512 |
| Annual Per SF | $346.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $17,326 |
| Annual Per SF | $17.34 |
| Effective Gross Income | |
|---|---|
| Annual | $329,186 |
| Annual Per SF | $329.52 |
| Taxes | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $39.64 |
| Operating Expenses | |
|---|---|
| Annual | $139,908 |
| Annual Per SF | $140.05 |
| Total Expenses | |
|---|---|
| Annual | $179,508 |
| Annual Per SF | $179.69 |
| Net Operating Income | |
|---|---|
| Annual | $149,678 |
| Annual Per SF | $149.83 |
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 | $39,600 ($39.64/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
$39,600 ($39.64/SF)
Tax Year
2025
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Pine Bluff - Kennedy NY | 2390 US 62
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