280 Zoar RdCharlemont, MA 01339

Property Details for 280 Zoar Rd

Property type

Mobile home & RV parks

Description

This well-maintained mobile home park in Charlemont, Massachusetts, presents a compelling investment opportunity. The property boasts 25 fully occupied mobile homes, each situated on its own lot, contributing to exceptionally low vacancy rates and a strong, consistent rental income stream. Adding to the income potential is a single-family residence, which can serve as owner-occupied housing or generate additional rental income. The property's financial performance is underscored by a 6.87% capitalization rate and a Net Operating Income (NOI) of $103,110. Located at 280 Zoar Rd, Charlemont, MA 01339, this park is strategically positioned in a desirable area experiencing high demand for affordable housing. The property's significant upside potential is further enhanced by the availability of space to add up to six more mobile homes, allowing for future expansion and increased rental revenue. This translates to both immediate cash flow and substantial long-term growth prospects, making it an attractive investment for those seeking a stable and appreciating asset. The asking price for this exceptional opportunity is $1,500,000.

Location Insight

City

Charlemont

County

Franklin

State

Massachusetts

Latitude

42.6385

Longitude

-72.9133

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