Capital Region Portfolio | 158 Bellen Rd
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Capital Region Portfolio 158 Bellen Rd
50 Unit Mobile Home Park £1,180,198 (£23,604/Unit) 8.69% Net Initial Yield Broadalbin, NY 12025
Executive Summary
Three Park Portfolio Located in the Capital District
*50 Total Units
*39 total Tenant Owned Homes, 2 Park Owned Homes, 6 total Vacant Lots
*3 Unit Stick Built Apartment
*All Currently on Septic and Well - two parks with potential to connect public sewer (seller to give $25,000 concession at closing for Lorden Heights hook up)
*Total of 26.97 acres
Elsie's Way Investment Summary- Rensselaer County
*1-21 Elsie Way, Pittstown NY 12180
*Saratoga Springs Market
*16 Units
*12 Tenant Owned Homes
*1 Park Owned Home
*3 Vacant Lots
*Well & Septic
*2.57 Acres
Overlook Park Investment Summary- Fulton County
*123 Hey Day Lane, Mayfield NY 12117
*Saratoga Springs Market
*14 Units
*8 Tenant Owned Homes
*3 Vacant Lots
*3-Unit Stick Built Apartments
*18 Acres
*Overlooking Great Sacandaga Lake
*Will be able to hook up to town sewers within the year
Lorden Heights Investment Summary- Fulton County
*158 Bellen Rd., Broadalbin, NY 12025
*Saratoga Market
*20 Sites
*19 Tenant Owned Homes and 1 Park Owned Home
*Well & Septic
*Seller to give $25,000 concession at closing for sewer hook up. *Paved Road
*6.4 Acres
*50 Total Units
*39 total Tenant Owned Homes, 2 Park Owned Homes, 6 total Vacant Lots
*3 Unit Stick Built Apartment
*All Currently on Septic and Well - two parks with potential to connect public sewer (seller to give $25,000 concession at closing for Lorden Heights hook up)
*Total of 26.97 acres
Elsie's Way Investment Summary- Rensselaer County
*1-21 Elsie Way, Pittstown NY 12180
*Saratoga Springs Market
*16 Units
*12 Tenant Owned Homes
*1 Park Owned Home
*3 Vacant Lots
*Well & Septic
*2.57 Acres
Overlook Park Investment Summary- Fulton County
*123 Hey Day Lane, Mayfield NY 12117
*Saratoga Springs Market
*14 Units
*8 Tenant Owned Homes
*3 Vacant Lots
*3-Unit Stick Built Apartments
*18 Acres
*Overlooking Great Sacandaga Lake
*Will be able to hook up to town sewers within the year
Lorden Heights Investment Summary- Fulton County
*158 Bellen Rd., Broadalbin, NY 12025
*Saratoga Market
*20 Sites
*19 Tenant Owned Homes and 1 Park Owned Home
*Well & Septic
*Seller to give $25,000 concession at closing for sewer hook up. *Paved Road
*6.4 Acres
Property Facts
| Price | £1,180,198 | Apartment Style | Garden |
| Price Per Unit | £23,604 | Building Class | B |
| Sale Type | Investment | Lot Size | 26.97 AC |
| Net Initial Yield | 8.69% | Building Size | 1 SF |
| Gross Rent Multiplier | 5.36 | Average Occupancy | 88% |
| No. Units | 50 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | £1,180,198 |
| Price Per Unit | £23,604 |
| Sale Type | Investment |
| Net Initial Yield | 8.69% |
| Gross Rent Multiplier | 5.36 |
| No. Units | 50 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 26.97 AC |
| Building Size | 1 SF |
| Average Occupancy | 88% |
| Number of Floors | 1 |
| Year Built | 1970 |
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PROPERTY TAXES
| Parcel Number | 173089-152-000-0007-005-000-0000 | Improvements Assessment | £135,287 |
| Land Assessment | £81,109 | Total Assessment | £216,396 |
PROPERTY TAXES
Parcel Number
173089-152-000-0007-005-000-0000
Land Assessment
£81,109
Improvements Assessment
£135,287
Total Assessment
£216,396
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Capital Region Portfolio | 158 Bellen Rd
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