$425,000
$515,000
17.5%For more information regarding the value of a property, please contact us for a free consultation.
2.22 Acres Lot
SOLD DATE : 03/02/2022
Key Details
Sold Price $425,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6133157
Sold Date 03/02/22
HOA Y/N No
Rental Info No
Year Built 1992
Annual Tax Amount $9,265
Lot Size 2.220 Acres
Acres 2.22
Property Sub-Type Multi Family
Source onekey2
Property Description
Colden Acres MHP, a 10 unit lot rent only Mobile Home Park is now available to investors through KW Commercial. Situated on 2.22 acres just off of NYS Route 9W, the park is conveniently located to Poughkeepsie, New Paltz, Kingston and Newburgh. With no park owned homes, this investment opportunity is turn key and easy for a new investor to step into without the burden of landlord repairs and maintenance responsibilities on the homes. With a community septic, and well water that pumps into a 500 gallon holding tank, this park is set up and operating efficiently with low landlord maintenance. The water is sub metered at each home and usage is billed back to tenants. With $63,000/year of potential rental income, and using a 30% operating expense ratio the park has a NOI of $44,520.
Location
State NY
County Ulster County
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Utilities Available Trash Collection Private, See Remarks
Building
Lot Description Corner Lot, Level, Near Public Transit, Near School, Near Shops, Part Wooded
Sewer Public Sewer
Water Other
Schools
Elementary Schools Highland Elementary School
Middle Schools Highland Middle School
High Schools Highland
School District Highland
Others
Special Listing Condition None
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