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Ko-Z Mobile Home Park 962 State Highway 29A 24 Unit Mobile Home Park $899,500 ($37,479/Unit) 10.67% Cap Rate Gloversville, NY 12078
Investment Highlights
- Well Maintained
- Located just outside the city
Executive Summary
Prime investment opportunity. Mobile home park just outside the city of Gloversville. Twenty four units; 16 are owned by the landlord.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$149,412
|
$6.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$149,412
|
$6.23
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,474
|
$2.23
|
| Net Operating Income |
$95,938
|
$4.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $149,412 |
| Annual Per SF | $6.23 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $149,412 |
| Annual Per SF | $6.23 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $53,474 |
| Annual Per SF | $2.23 |
| Net Operating Income | |
|---|---|
| Annual | $95,938 |
| Annual Per SF | $4.00 |
Property Facts
| Price | $899,500 | Building Class | C |
| Price Per Unit | $37,479 | Lot Size | 5.92 AC |
| Sale Type | Investment | Building Size | 24,000 SF |
| Cap Rate | 10.67% | Average Occupancy | 80% |
| Sale Condition | Business Value Included | No. Stories | 1 |
| No. Units | 24 | Year Built | 1965 |
| Property Type | Multifamily | Parking Ratio | 2/1,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R1 - Residential | ||
| Price | $899,500 |
| Price Per Unit | $37,479 |
| Sale Type | Investment |
| Cap Rate | 10.67% |
| Sale Condition | Business Value Included |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 5.92 AC |
| Building Size | 24,000 SF |
| Average Occupancy | 80% |
| No. Stories | 1 |
| Year Built | 1965 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R1 - Residential |
About 962 STATE HIGHWAY 29A , GLOVERSVILLE, NY 12078
Well kept 24 unit mobile home park just outside the city of Gloversville. Public water. Private septic - one serves all 24 trailers. Landlord owns 16 of the trailers, 5 of which are vacant. Current leases with all tenants. None in arrears or in the process of eviction. There is one city water meter for the whole park. 2026 estimated NOI $95,938
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 172800 149.8-18-3.2 | Improvements Assessment | $209,300 (2025) |
| Land Assessment | $104,000 (2025) | Total Assessment | $313,300 (2025) |
Property Taxes
Parcel Number
172800 149.8-18-3.2
Land Assessment
$104,000 (2025)
Improvements Assessment
$209,300 (2025)
Total Assessment
$313,300 (2025)
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Ko-Z Mobile Home Park | 962 State Highway 29A