6258 Us Highway 11Canton, NY 13617

Property Details for 6258 Us Highway 11

Year built

1968

Lot size

8.50 AC

Property size (Sq ft)

720 SF

Zone code

01 - NOT ZONED

Property type

Mobile home & RV parks

APN

402289 75.003-1-26.1

APU

402289750031261

Description

This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 8.5-acre lot in Canton, NY. The park currently boasts 30 mobile home spaces, with a strong occupancy rate of 22 currently occupied sites. This translates to significant immediate cash flow and substantial future growth potential. The property is equipped with a comprehensive septic system designed to handle the entire park's needs, eliminating the complexities and costs associated with individual septic systems. Maintaining the park's infrastructure is simplified by the existing caretaker who is responsible for road maintenance within the park. This turnkey operation offers a streamlined approach to ownership, minimizing operational overhead and maximizing profitability. Detailed financial records are available upon request for qualified buyers to thoroughly assess the park's performance and projected returns. This is a rare chance to acquire a well-maintained, high-occupancy mobile home park in a desirable location, offering a compelling blend of immediate income and long-term appreciation potential. The property's substantial acreage also presents opportunities for future expansion or development, further enhancing its investment appeal. Serious inquiries only, please. Financial information will be provided to qualified buyers with proof of funds.

• CAP approach

  CAP return

  Valuation

  6%

  $221,785

  6.5%

  $204,725

  7%

  $190,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $146,797

  Geo Method

  $145,817

• Alternative Use

  Use

  Valuation

  Residential

  $204,725

  Hospitality

  $187,527

  Educational

  $156,020

  Medical

  $161,386

  Retail

  $242,698

Location Insight

City

Canton

County

St. Lawrence

State

New York

Latitude

44.61

Longitude

-75.1193

CBSA code

36300

CBSA name

OGDENSBURG-MASSENA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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