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Evergreen Estates 42 Island Rd 11 Unit Mobile Home Park $625,000 ($56,818/Unit) 10.29% Cap Rate Phoenix, NY 13135
EXECUTIVE SUMMARY
Prime Investment Opportunity: Nestled in close proximity to the cutting-edge Micron chip plant development, this multi-family property at 42 Island Rd offers an unparalleled chance to capitalize on the burgeoning tech industry boom. The strategic location ensures a promising return on investment for savvy buyers looking to tap into the potential growth and prosperity of the area.
Endless Expansion Potential: With the opportunity to double the park size, this property presents a lucrative prospect for investors with a vision for development. Whether you're an experienced developer or a newcomer to the real estate market, the chance to expand and enhance the property's value is within reach, promising substantial returns in the long run.
Lucrative Rental Income: Boasting six tenant-owned homes generating a steady income of $381 per month each, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on-site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers.
Located in Oswego County
Endless Expansion Potential: With the opportunity to double the park size, this property presents a lucrative prospect for investors with a vision for development. Whether you're an experienced developer or a newcomer to the real estate market, the chance to expand and enhance the property's value is within reach, promising substantial returns in the long run.
Lucrative Rental Income: Boasting six tenant-owned homes generating a steady income of $381 per month each, this property offers a hassle-free investment opportunity with rent-to-own options. The ease of management provided by these arrangements, coupled with an on-site manager overseeing water treatment and testing, ensures a smooth and profitable investment experience for discerning buyers.
Located in Oswego County
PROPERTY FACTS
| Price | $625,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $56,818 | Building Class | C |
| Sale Type | Investment | Lot Size | 7.00 AC |
| Cap Rate | 10.29% | Building Size | 100 SF |
| Gross Rent Multiplier | 7.9 | Average Occupancy | 98% |
| No. Units | 11 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1999 |
| Price | $625,000 |
| Price Per Unit | $56,818 |
| Sale Type | Investment |
| Cap Rate | 10.29% |
| Gross Rent Multiplier | 7.9 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 7.00 AC |
| Building Size | 100 SF |
| Average Occupancy | 98% |
| No. Stories | 1 |
| Year Built | 1999 |
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PROPERTY TAXES
| Parcel Number | 354400-239-000-0003-021-002-0000 | Improvements Assessment | $117,000 |
| Land Assessment | $70,000 | Total Assessment | $187,000 |
PROPERTY TAXES
Parcel Number
354400-239-000-0003-021-002-0000
Land Assessment
$70,000
Improvements Assessment
$117,000
Total Assessment
$187,000
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Evergreen Estates | 42 Island Rd
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