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6547 County Road 20 - Friendship MHP 28 Unit Apartment Building Offered at $605,000 at a 10.03% Cap Rate Friendship, NY 14739
Executive Summary
Unlock the potential of this 28-space MHP investment, featuring 4
single-wide Park Owned Homes in great condition and a treasure
trove of personal property items including a riding lawn mower and
essential tools for community upkeep.
Embrace the convenience of access to city water at your fingertips,
with easy installation next to the pump house, alongside recent
infrastructure updates for water and electric systems. New electric
has been run through the community, new water lines, and new
pedestals. It is an estimated $5k hookup to city water.
Discover the allure of Four newer park owned vintaged homes -
-1st Park Owned Home that is new vintage and boasts 2 beds & 2
bath.
-2nd Park Owned Home that's also New vintage with 2 bed, 1 bath
-3rd Park Owned Home of new vintage with 2 bed and 1 bath
-4th Park Owned Home is a newer vintage with 3 beds and 2 baths
Living in Friendship, NY is an experience like no other. The small,
rural town is tucked away in the countryside of western New York,
making it a peaceful and relaxed place to call home. The
community is filled with friendly locals who have strong connections
to each other and take pride in their tight-knit relationships. Local
businesses line the streets, offering everything from the basics to
unique services and products. With plenty of outdoor activities and
green spaces to explore, Friendship is the perfect escape from
hectic city life. Despite its small size, the town offers plenty of
amenities for a comfortable lifestyle.
single-wide Park Owned Homes in great condition and a treasure
trove of personal property items including a riding lawn mower and
essential tools for community upkeep.
Embrace the convenience of access to city water at your fingertips,
with easy installation next to the pump house, alongside recent
infrastructure updates for water and electric systems. New electric
has been run through the community, new water lines, and new
pedestals. It is an estimated $5k hookup to city water.
Discover the allure of Four newer park owned vintaged homes -
-1st Park Owned Home that is new vintage and boasts 2 beds & 2
bath.
-2nd Park Owned Home that's also New vintage with 2 bed, 1 bath
-3rd Park Owned Home of new vintage with 2 bed and 1 bath
-4th Park Owned Home is a newer vintage with 3 beds and 2 baths
Living in Friendship, NY is an experience like no other. The small,
rural town is tucked away in the countryside of western New York,
making it a peaceful and relaxed place to call home. The
community is filled with friendly locals who have strong connections
to each other and take pride in their tight-knit relationships. Local
businesses line the streets, offering everything from the basics to
unique services and products. With plenty of outdoor activities and
green spaces to explore, Friendship is the perfect escape from
hectic city life. Despite its small size, the town offers plenty of
amenities for a comfortable lifestyle.
Property Facts
| Price | $605,000 | Property Type | Multifamily |
| Price Per Unit | $21,607 | Lot Size | 19.60 AC |
| Sale Type | Investment | Average Occupancy | 73% |
| Cap Rate | 10.03% | No. Stories | 1 |
| Gross Rent Multiplier | 4.74 | Year Built | 1970 |
| No. Units | 28 |
| Price | $605,000 |
| Price Per Unit | $21,607 |
| Sale Type | Investment |
| Cap Rate | 10.03% |
| Gross Rent Multiplier | 4.74 |
| No. Units | 28 |
| Property Type | Multifamily |
| Lot Size | 19.60 AC |
| Average Occupancy | 73% |
| No. Stories | 1 |
| Year Built | 1970 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
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Contact the Sale Advisor
6547 County Road 20 - Friendship MHP