For Sale
|
Commercial/Industrial
|
991 US Highway 11 , Gouverneur, NY 13642
$599,000
Listing Courtesy of Berkshire Hathaway HomeServices CNY Realty Watn
For Sale
|
Commercial/Industrial
|
991 US Highway 11 , Gouverneur, NY 13642
$599,000
|
11.1
acres |
|
|
|
938
sq ft |
|
|
|
20
buildings |
|
|
|
1
stories |
|
|
|
20
parking |
Property Description
Mobile Home Park Investment Opportunity – Gouverneur, NY | (Projected) 10.24% Cap | Expansion Potential Come take a look at a cash-flowing mobile home park on 11 acres in Gouverneur, NY, originally established in 1975. This value-add opportunity features stable income, public utilities, and a significant expansion upside. With a projected Cap Rate at 10.24%, opportunity is there! The park currently is at an occupancy rate of 65% (vacancy rate 35%). There are 20 Total Manufactured Homes at this time – 12 park-owned, 6 tenant-owned, 2 vacant. Property also features more acres in rear, zoned for development. Land has been cleared in the past, but sits relatively flat, and ready for expansion. The highlight is Public Water & Sewer is connected already, and provides a convenient utility year round, directly to the park. Park is located in extremely close Proximity to Fort Drum – expanding tenant demand and regional stability Public sewer and water truly are a huge asset to the park, and it also features long term tenants who have over 20+ years experience living in this location. The park is in a quiet, rural setting, but also in a prime location only a short drive to Fort Drum, a major employer and population center. Financials & Rent Roll Available Upon Request. Ideal for investors seeking strong yield and long-term appreciation. Serious inquiries only. NDA may be required for detailed financials.
Property Summary
| Type |
Commercial/Industrial |
MLS # |
S1618069 |
| Buildings |
20 |
Year Built |
1975 (50 years old) |
| Parking |
20 |
Est. Taxes |
$14,494 |
Features
Other Information |
11.1 Acres
Lot Dimensions - 36' x 1000'
St Lawrence County
Gouverneur School District
|
