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Indian Hills MHC New York 96 86 Unit Mobile Home Park $4,500,000 ($52,326/Unit) 6.19% Cap Rate Waterloo Township, NY 13165

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EXECUTIVE SUMMARY

- 85 tenant owned homes
- Pull barn on property with office (currently rented by a beauty salon for $430 per month)
- 100% occupied
- Public Water and Public Sewer
- Town picks up garbage
- Paving and plowing done by town (Town owns the roads)
- 23 Double Wides have lot rent at $485 a month
- 46 Double Wides have lot rent at $430 a month
- 16 Single Wides have lot rent at $385 a month
- Residents pay their own water & sewer bills
- Located in Seneca County

PROPERTY FACTS

Price $4,500,000
Price Per Unit $52,326
Sale Type Investment
Cap Rate 6.19%
Gross Rent Multiplier 9.99
No. Units 86
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Single-Family Home
Building Class C
Lot Size 41.00 AC
Average Occupancy 100%
No. Stories 1
Year Built 1970
Zoning CONF

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 452201 15-1-79
  • 452201 15-1-78
  • 452201-015-000-0001-031-000-0000
Land Assessment
$702,700
Improvements Assessment
$2,720,000
Total Assessment
$3,422,700
  • Listing ID: 36300240

  • Date on Market: 6/18/2025

  • Last Updated:

  • Address: New York 96, Waterloo Township, NY 13165

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