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Gouverneur
13642
13642
W76° 30' 17.7''
N44° 18' 48''
Contact Info
Aaron Naklick
3050193
Property Description

Mobile Home Park Investment Opportunity – Gouverneur, NY (Projected) 10.24% Cap Expansion Potential Come take a look at a cash-flowing mobile home park on 11 acres in Gouverneur, NY, originally established in 1975. This value-add opportunity features stable income, public utilities, and a significant expansion upside. With a projected Cap Rate at 10.24%, opportunity is there! The park currently is at an occupancy rate of 65% (vacancy rate 35%). There are 20 Total Manufactured Homes at this time – 12 park-owned, 6 tenant-owned, 2 vacant. Property also features more acres in rear, zoned for development. Land has been cleared in the past, but sits relatively flat, and ready for expansion. The highlight is Public Water & Sewer is connected already, and provides a convenient utility year round, directly to the park. Park is located in extremely close Proximity to Fort Drum – expanding tenant demand and regional stability Public sewer and water truly are a huge asset to the park, and it also features long term tenants who have over 20 years experience living in this location. The park is in a quiet, rural setting, but also in a prime location only a short drive to Fort Drum, a major employer and population center. Financials & Rent Roll Available Upon Request. Ideal for investors seeking strong yield and long-term appreciation. Serious inquiries only. NDA may be required for detailed financials.

991 US Highway 11

Gouverneur, New York 13642, United States

  • Square Footage: 483,516 Sqft
$599,000
Listing ID#159399
QR Code
Basic Details
Property Type : Commercial
Listing Type : Pending
Listing ID : 159399
Ref ID : 408057744
Price : $599,000
Square Footage : 483,516 Sqft
Lot Area : 11.10 Sqft
MLS : S1618069
Office ID : NY302-010
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Agent info
Aaron Naklick
CNY Realty
CNY Realty
Contact Agent