For Sale
$120,000

116 Pantry DrSMITHVLE FLTS, NY 13841

High-yield investment opportunity. Three units, 2.48 acres.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional commercial property in Smithville Flats, NY, presents a lucrative investment opportunity. Located at 116 Pantry Dr, 13841, this 2.48-acre lot (APN 202.17-2-38) features a thriving mobile home park with three units and one vacant lot. Two mobile homes, owned by the seller, generate a combined monthly rental income of $1800. A third mobile home, tenant-owned, provides an additional $450 monthly lot rent. The property boasts a strong net operating income (NOI) of $16,300, resulting in an attractive 15% capitalization rate. Built in 1970, the park is zoned for commercial use and includes phase 3 electric service, offering potential for expansion or alternative commercial ventures. This low-maintenance property provides significant income potential with high returns and minimal operational demands. The asking price is $120,000. This is a rare chance to acquire a well-established, high-performing commercial property in a desirable location.

Highlights

  • Four mobile home lots.
  • Two seller-owned mobile homes, each generating $900/month in rental income.
  • One tenant-owned mobile home with $450/month lot rent.
  • One vacant lot available for immediate lease-up.
  • Strong rental income with low maintenance requirements.

Property Details for 116 Pantry Dr

Property type
Mobile home & RV parks, Land
Year Built
1970
Lot Size (sq. ft)
108,029 SF
Units
3

Location Insight

City
SMITHVLE FLTS
County
Chenango
State
New York
Latitude
42.4336801
Longitude
-75.871221
116 Pantry Dr, SMITHVLE FLTS, New York

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FAQs

What type of property is this?
Mobile home & RV park - High-yield investment opportunity. Three units, 2.48 acres.
Where is the mobile home & rv park located?
The property is located at 116 Pantry Dr SMITHVLE FLTS, NY.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: Four mobile home lots.; Two seller-owned mobile homes, each generating $900/month in rental income.; One tenant-owned mobile home with $450/month lot rent.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Steph Jacobson
Steph Jacobson
Visit Broker Website

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Pantry Dr
SMITHVLE FLTS, NY 13841

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SMITHVLE FLTS, NY 13841

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

116 Pantry Dr
  • Steph Jacobson
    Steph Jacobson
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