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45 Pumphouse Rd 6 Unit Mobile Home Park $339,000 ($56,500/Unit) 10.62% Cap Rate Hancock, NY 13783
INVESTMENT HIGHLIGHTS
- Consistent rent.
- 3 of 6 units are owned by landowner.
- Riverfront property.
EXECUTIVE SUMMARY
Unique opportunity to own an income producing property with usable river frontage. This manufactured home park consists of 2.08 acres of surveyed land and currently has 6 units. 3 of the units are owned by others, who pay lot rent, and the other 3 units are owned by the landowner and are rented to others.
The 10.2% Cap Rate is based on an NOI of $36,011. Recent upgrades include new water lines.
Property has 228' frontage on the East Branch Delaware River. Owned units include a double-wide manufactured home rented at $1,050/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $550 lot rent, respectively. Tenants pay individual water & sewer charges.
The 10.2% Cap Rate is based on an NOI of $36,011. Recent upgrades include new water lines.
Property has 228' frontage on the East Branch Delaware River. Owned units include a double-wide manufactured home rented at $1,050/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $550 lot rent, respectively. Tenants pay individual water & sewer charges.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$50,100
|
$7.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$750
|
$0.11
|
| Effective Gross Income |
$49,350
|
$7.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$13,339
|
$1.91
|
| Net Operating Income |
$36,011
|
$5.14
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $50,100 |
| Annual Per SF | $7.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $750 |
| Annual Per SF | $0.11 |
| Effective Gross Income | |
|---|---|
| Annual | $49,350 |
| Annual Per SF | $7.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $13,339 |
| Annual Per SF | $1.91 |
| Net Operating Income | |
|---|---|
| Annual | $36,011 |
| Annual Per SF | $5.14 |
PROPERTY FACTS
| Price | $339,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $56,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.06 AC |
| Cap Rate | 10.62% | Building Size | 7,000 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1970 |
| Zoning | R-1 - Non-conforming use (mobile home park) since the inception of zoning circa 1988. | ||
| Price | $339,000 |
| Price Per Unit | $56,500 |
| Sale Type | Investment |
| Cap Rate | 10.62% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.06 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | R-1 - Non-conforming use (mobile home park) since the inception of zoning circa 1988. |
AMENITIES
SITE AMENITIES
- 24 Hour Access
- Waterfront
PROPERTY TAXES
| Parcel Number | 123601-429-017-0003-002-000 | Improvements Assessment | $9,370 |
| Land Assessment | $6,000 | Total Assessment | $15,370 |
PROPERTY TAXES
Parcel Number
123601-429-017-0003-002-000
Land Assessment
$6,000
Improvements Assessment
$9,370
Total Assessment
$15,370
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45 Pumphouse Rd
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