Delhi MHP 255 Main St 17 Unit Mobile Home Park £520,121 (£30,595/Unit) 9.59% Net Initial Yield Delhi, NY 13753
EXECUTIVE SUMMARY
Investment Summary
This property sits on 2.5 acres of land in Delhi NY
17 Total Units
10 Tenant-Owned Homes
2 Park-Owned Homes
1 Empty Lot
A Four Family Apartment Complex sits onsite the MHP as well.
Cap Rate: 9.56%
The property is well maintained and has a manager who handles the property
City Sewer & Well
Location Summary
Located in Delhi NY , 5 Minutes from SUNY Delhi
Located in the Delaware Academy School District
This lively town offers a blend of historical allure and modern conveniences for prospective tenants of the office building at 255 Main Street. Just steps away, experience the picturesque campus of SUNY Delhi, offering educational resources and a vibrant campus atmosphere. Explore the quaint shops, cozy cafes, and local eateries that line Main Street, adding a touch of small-town charm to your workday. Revel in the natural beauty at Frisbee Hill Park, within convenient reach. With a perfect balance of community and convenience, the area provides an inspiring backdrop for your business endeavors.
This property sits on 2.5 acres of land in Delhi NY
17 Total Units
10 Tenant-Owned Homes
2 Park-Owned Homes
1 Empty Lot
A Four Family Apartment Complex sits onsite the MHP as well.
Cap Rate: 9.56%
The property is well maintained and has a manager who handles the property
City Sewer & Well
Location Summary
Located in Delhi NY , 5 Minutes from SUNY Delhi
Located in the Delaware Academy School District
This lively town offers a blend of historical allure and modern conveniences for prospective tenants of the office building at 255 Main Street. Just steps away, experience the picturesque campus of SUNY Delhi, offering educational resources and a vibrant campus atmosphere. Explore the quaint shops, cozy cafes, and local eateries that line Main Street, adding a touch of small-town charm to your workday. Revel in the natural beauty at Frisbee Hill Park, within convenient reach. With a perfect balance of community and convenience, the area provides an inspiring backdrop for your business endeavors.
PROPERTY FACTS
| Price | £520,121 |
| Price Per Unit | £30,595 |
| Sale Type | Investment |
| Net Initial Yield | 9.59% |
| Gross Rent Multiplier | 7.25 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 2.50 AC |
| Average Occupancy | 100% |
| Number of Floors | 1 |
| Year Built | 1970 |
1 of 1
PROPERTY TAXES
| Parcel Number | 122801-149-019-0005-001-000 | Improvements Assessment | £145,731 |
| Land Assessment | £40,093 | Total Assessment | £185,823 |
ZONING
| Zoning Code | RES (Residential - manufactured housing mobile home park) |
