Mobile Home Community in
For Sale
Contact for pricing
Pending
2657 State Rte 3, Fulton, NY 13069
73-site mobile home community with upside potential.
Property SizeContact for details
Days on Market183
Property Features for 2657 State Rte 3
General Information
Standard status
Pending
Class
B
Property subtype
Mobile Home Park
Occupancy
73%
Net Operating Income
$269,481
Building Details
Units
75
Listing Agency:
eXp Commercial
Listed By:
Phillip Li · License #2563988
Source:
Crexi
Added: Feb 18
Changed: Aug 8
Last Checked: Jul 24 at 3:50PM
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.
Silber Syracuse is a 73-site mobile home community located in Fulton, NY. The property features 20 tenant-owned homes with a monthly rate of $411, 31 occupied park-owned homes at $859 per month, 11 vacant park-owned homes, 3 occupied apartments at $680 per month, and 8 vacant lots equipped with full infrastructure including water, sewer, trash, and pads. The occupied park-owned homes have been fully remodeled and are of approximately 1990s vintage. The investment strategy involves gradual rent increases to market rates, renovating and leasing or selling vacant park-owned homes, and developing the remaining eight sites. Additional opportunities include implementing water billbacks and converting two existing 3,000 SF storage buildings into rentable storage bays. Comparable remodeled homes (1980s–2000s vintage) in the area have sold for between $40,000 and $100,000. The park is served by city water and on-site septic, with two large tanks servicing the community. Silber Syracuse offers immediate cash flow with potential from utility reimbursements, occupancy gains, and infill in a metro area of over 650,000 residents, supported by a planned $100 billion investment by Micron, expected to create 9,000 direct jobs and 50,000 indirect jobs over the next 15 years. The seller is willing to provide a small second-lien seller-financed note to qualified buyers, collateralized by park-owned homes, to support financing.
Key Highlights
- Day‑one cash flow with potential for double‑digit cash‑on‑cash returns and an estimated ~25% IRR.
- Significant upside potential through rent increases, renovating/selling vacant homes, and infilling vacant lots.
- Micron's $100B investment in the area, projected to create 9,000 direct and 50,000 indirect jobs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 13069, NY
24,071
Population
10,593
Households
2.3
Avg Household Size
40
Median Age
19%
College-Educated
89%
High-School Grad
109.9 sq mi
ZIP Area
219
Density / Sq Mi
$63,156
Median Household Income
$44,073
Median Earnings
$878
Median Rent
$112,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 73-site mobile home community with upside potential.
Where is this mobile home & rv park located?
The property is located at 2657 State Rte 3 Fulton, NY.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Day‑one cash flow with potential for double‑digit cash‑on‑cash returns and an estimated ~25% IRR.; Significant upside potential through rent increases, renovating/selling vacant homes, and infilling vacant lots.; Micron's $100B investment in the area, projected to create 9,000 direct and 50,000 indirect jobs.
