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- LoopNet Team
45 Mackey Rd
Highland, NY 12528
Colden Acres Mobile Home Park · Land For Sale
·
2.22 AC
Investment Highlights
- Lot Rent Only
- Prime Location
- Turn Key
- Mobile Park Community- investment opportunity
Property Facts
| Property Type | Land | Proposed Use | Manufactured Homes or Mobile Home Park |
| Property Subtype | Residential | Total Lot Size | 2.22 AC |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Manufactured Homes or Mobile Home Park |
| Total Lot Size | 2.22 AC |
Description
Colden Acres MHP, a 10 unit lot rent only Mobile Home Park is now available to investors through KW Commercial. Situated on 2.22 acres just off of NYS Route 9W, the park is conveniently located to Poughkeepsie, New Paltz, Kingston and Newburgh. With no park owned homes, this investment opportunity is turn key and an easy for a new investor to step into without the burden of landlord repairs and maintenance responsibilities on the homes. With a community septic, and well water that pumps into a 500 gallon holding tank, this park is set up and operating efficiently with low landlord maintenance. The water is sub metered at each home and usage is billed back to tenants. With $63,000/year of potential rental income, and using a 30% operating expense ratio the park has a NOI of $44,520.?
