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Lake Luzerne MHP 384 Lake Ave 23 Unit Mobile Home Park $849,000 ($36,913/Unit) 10.99% Cap Rate Lake Luzerne, NY 12846
Executive Summary
- 23 Sites
- 15 Tenant-Owned Homes
*2 Existing Mortgages Notes Held by Seller
- 1 Park-Owned Home
- 7 Empty Pads
- Public Water System
- Private Septic System
- Located in Warren County
- Less than a Mile from Lake Luzurne
- 15 Tenant-Owned Homes
*2 Existing Mortgages Notes Held by Seller
- 1 Park-Owned Home
- 7 Empty Pads
- Public Water System
- Private Septic System
- Located in Warren County
- Less than a Mile from Lake Luzurne
Property Facts
| Price | $849,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $36,913 | Building Class | C |
| Sale Type | Investment | Lot Size | 3.70 AC |
| Cap Rate | 10.99% | Building Size | 1 SF |
| Gross Rent Multiplier | 4.65 | Average Occupancy | 70% |
| No. Units | 23 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | Manufactured Housing | ||
| Price | $849,000 |
| Price Per Unit | $36,913 |
| Sale Type | Investment |
| Cap Rate | 10.99% |
| Gross Rent Multiplier | 4.65 |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 1 SF |
| Average Occupancy | 70% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | Manufactured Housing |
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Somewhat walkable
20/100
Exceptionally drivable
90/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 523200 298.7-1-33 | Improvements Assessment | $118,000 |
| Land Assessment | $211,000 | Total Assessment | $329,000 |
Property Taxes
Parcel Number
523200 298.7-1-33
Land Assessment
$211,000
Improvements Assessment
$118,000
Total Assessment
$329,000
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Contact the Sale Advisor
Lake Luzerne MHP | 384 Lake Ave