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Maplehurst MHP 34 Breesport Rd 50 Unit Mobile Home Park $3,050,000 ($61,000/Unit) 6% Cap Rate Horseheads, NY 14845
Executive Summary
- We are pleased to present Maplehurst MHC, a 50 lot, 55+ retirement manufactured home community that's 100% occupied and located in Horseheads NY.
- The community is comprised on 50 MH lots, all of which are tenant owned, and 94% of it's tenants sign an annual lease agreement. Current homesite rents at Maplehurst MHC are at market value. Maplehurst MHC also has weekly curbside trash pickup and is on private well & septic, all of which are paid for by the current owner.
- Horseheads NY is located 8 miles from the Chemung Regional Airport and 14 miles from Corning NY the "Crystal City", Horseheads provides the ideal , small hometown feel, with all the conveniences of a big city.
- The community is comprised on 50 MH lots, all of which are tenant owned, and 94% of it's tenants sign an annual lease agreement. Current homesite rents at Maplehurst MHC are at market value. Maplehurst MHC also has weekly curbside trash pickup and is on private well & septic, all of which are paid for by the current owner.
- Horseheads NY is located 8 miles from the Chemung Regional Airport and 14 miles from Corning NY the "Crystal City", Horseheads provides the ideal , small hometown feel, with all the conveniences of a big city.
Property Facts
| Price | $3,050,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $61,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 14.01 AC |
| Cap Rate | 6% | Building Size | 56,192 SF |
| Gross Rent Multiplier | 10.22 | Average Occupancy | 100% |
| No. Units | 50 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1962 |
| Price | $3,050,000 |
| Price Per Unit | $61,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.22 |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 14.01 AC |
| Building Size | 56,192 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1962 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 50 | - | - |
1 1
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Maplehurst MHP | 34 Breesport Rd
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