For Sale
$369,900

27 Main StSinclairville, NY 14782

13-unit park, high ROI, minimal maintenance.

Overview

Added:
Dec 11, 2024
Days on market:
118
Exceptional investment opportunity in Sinclairville, NY, presents a 13-space mobile home park with a strong 11.35% capitalization rate and a net operating income (NOI) of $42,000. This turnkey property, priced at $369,900, requires minimal upkeep and offers immediate return potential. The park underwent significant renovations in 2016, including the installation of all-new water lines with individual meters connected to the village water system. Further enhancing its value, a brand-new septic system was installed in 2022. Twelve of the thirteen spaces are currently occupied by mobile homes, each with separate gas, electric, and water meters, simplifying management and tenant responsibility. Lot rents range from $350 to $475 per month, with tenants covering their own utility costs, ensuring a consistent income stream. This property offers a hassle-free investment opportunity with established infrastructure and immediate income generation. Located at 27 Main St, Sinclairville, NY 14782, this mobile home park presents a compelling opportunity for investors seeking a low-maintenance, high-yield asset in a convenient location.

Property Details for 27 Main St

Property type
Mobile home & RV parks
Units
13

Location Insight

City
Sinclairville
County
Chautauqua
State
New York
Latitude
42.264053
Longitude
-79.2587534
27 Main St, Sinclairville, New York

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27 Main St
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