37-Site Mobile Home
For Sale
Contact for pricing
1141 Wellman Rd, Ashville, NY 14710
Wellman Road mobile home community offers 15 occupied lot rentals and 22 vacant pads across 37 sites.
Property SizeContact for details
Days on Market131
Property Features for 1141 Wellman Rd
General Information
Standard status
Active
Property subtype
Mobile Home Park
Occupancy
40%
Investment Type
Value Add
Net Operating Income
$24,013
Additional Details
Business Included
Yes
Building Details
Units
37
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: Apr 29
Changed: Aug 24
Last Checked: Sep 4 at 7:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Commercial
Investment Insights
Based on property information with market context.
Wellman Road MHP is a 37-site mobile home community offered for sale. The property is currently underutilized, with fifteen (15) occupied lot rentals averaging approximately $297 per month and twenty-two (22) vacant pads, creating an immediate path toward lease-up and stabilization.
The community is supported by existing infrastructure and layout. The offering contemplates a phased infill/lease-up approach using vacant pads through tenant-owned homes or park-owned inventory, with NOI growth as occupancy increases.
As presented in the offering materials, the investment strategy is underwritten on below-replacement-cost acquisition and includes pro forma performance targets of an 18.51% cap rate in Year 3 and a 36%+ IRR by Year 6, subject to the assumptions outlined by the seller.
The community is supported by existing infrastructure and layout. The offering contemplates a phased infill/lease-up approach using vacant pads through tenant-owned homes or park-owned inventory, with NOI growth as occupancy increases.
As presented in the offering materials, the investment strategy is underwritten on below-replacement-cost acquisition and includes pro forma performance targets of an 18.51% cap rate in Year 3 and a 36%+ IRR by Year 6, subject to the assumptions outlined by the seller.
Key Highlights
- 37‑site mobile home community in Busti, NY
- 15 occupied lot rentals averaging approximately $297 per month
- 22 vacant pads provide an immediate path to lease‑up and stabilization
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 14710, NY
3,367
Population
2,146
Households
1.6
Avg Household Size
47
Median Age
29%
College-Educated
94%
High-School Grad
53.2 sq mi
ZIP Area
63
Density / Sq Mi
$64,782
Median Household Income
$40,639
Median Earnings
$582
Median Rent
$152,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Wellman Road mobile home community offers 15 occupied lot rentals and 22 vacant pads across 37 sites.
Where is this mobile home & rv park located?
The property is located at 1141 Wellman Rd Ashville, NY.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 37‑site mobile home community in Busti, NY; 15 occupied lot rentals averaging approximately $297 per month; 22 vacant pads provide an immediate path to lease‑up and stabilization
