348 Vandeusen Road, Davenport, NY 13750
MULTI_FAMILY - Davenport, NY
Property Features for 348 Vandeusen Road
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
The site includes two septic systems, one installed in 2008 and the other in 2023. Approved water and electrical service are already in place, and the seller reports recent updates to appliances, heating, and electrical systems, with work approved by town code enforcement. Parking is paved or surfaced, and exterior features include decks and porches.
Built in 2008, the homes include a mix of interior finishes and flooring types, with forced air, baseboard, and electric/propane heating. The property is served by a well and septic tank, and it includes an electric water heater. Exterior materials include aluminum siding and vinyl siding, with shingle, metal, and asphalt roofing.
Key Highlights
- One‑acre parcel with three occupied, park‑owned single‑wide manufactured homes
- Unit mix: one 3 bed/2 bath, one 3 bed/1 bath, and one 2 bed/2 bath
- Septic systems: one installed in 2008 and one installed in 2023
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.6k | $19.20 |
| − Vacancy | −$3.4k | −$2.63 |
| EGI | $21.2k | $16.57 |
| − OpEx | −$6.4k | −$4.97 |
| NOI | $14.8k | $11.60 |
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Demographics for 13750, NY
Market
Vacancy Rate% for Multifamily in Northeast region