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Indian Hills MHC New York 96 86 Unit Mobile Home Park $4,275,000 ($49,709/Unit) 6.79% Cap Rate Waterloo Township, NY 13165
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
- 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 | $4,275,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $49,709 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.79% | Lot Size | 41.00 AC |
| Gross Rent Multiplier | 9.26 | Average Occupancy | 100% |
| No. Units | 86 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | CONF | ||
| Price | $4,275,000 |
| Price Per Unit | $49,709 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Gross Rent Multiplier | 9.26 |
| 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 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $2,720,000 | |
| Land Assessment | $702,700 | Total Assessment | $3,422,700 |
Property Taxes
Parcel Numbers
Land Assessment
$702,700
Improvements Assessment
$2,720,000
Total Assessment
$3,422,700
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Indian Hills MHC | New York 96
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