For Sale
$1,490,000
158 Bellen RdBroadalbin, NY 12025
50 Units, 8.69% Cap Rate, High NOI
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 124
Highlights
- $1,490,000 asking price for a Class B mobile home park in Broadalbin, NY.
- 8.69% current cap rate, 10.29% pro-forma cap rate.
- 50 total units across three parks (16, 14, and 20 units respectively) on 26.97 acres.
- 88.08% occupancy, generating $129,476 NOI and a pro-forma NOI of $153,377.
- Includes three parks located in the Capital District, with potential for sewer connection and a $25,000 seller concession for one park's hookup.
Property Details for 158 Bellen Rd
- Property type
- Mobile home & RV parks
- Class
- B
- Lot Size (sq. ft)
- 1,174,813 SF
- Units
- 50
Location Insight
- City
- Broadalbin
- County
- Fulton
- State
- New York
- Latitude
- 43.0472451
- Longitude
- -74.206878
158 Bellen Rd, Broadalbin, New York
Nearby Comparable
Nearby Similar for Sale
FAQs
- What type of property is this?
- Mobile home & RV park - 50 Units, 8.69% Cap Rate, High NOI
- Where is the mobile home & rv park located?
- The property is located at 158 Bellen Rd Broadalbin, NY.
- What is the asking price?
- The asking price for this property is $1,490,000.
- What are key features of this property?
- This property features: $1,490,000 asking price for a Class B mobile home park in Broadalbin, NY.; 8.69% current cap rate, 10.29% pro-forma cap rate.; 50 total units across three parks (16, 14, and 20 units respectively) on 26.97 acres.
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