Remarks

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 10.6% Cap Rate is based on an NOI of $37,241. 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 $1,100/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $575 lot rent, respectively. Tenants pay individual water & sewer charges.

Details

MLS#: 11480857
Price: $350,000

Style: Commercial
Bedrooms: 0
Baths Full: 0
Baths Half: 0
Sq Ft: 0
Year Built: 0

County: Delaware
Tax Fee: 4609

School District: HANCOCK CENTRAL SCHOOL DISTRICT