Mobile Home Park with Renovated
7138 State Route 104a, Wolcott, NY 13143
For Sale
$169,000
The park includes one renovated, park-owned unit alongside five tenant-owned units.
Property Size780 SF
Price / SF$216.67
Days on Market32
Property Features for 7138 State Route 104a
General Information
Standard status
Size
Units
Mobile Home Lots
Park-Owned Homes
Listing Agency:
Howard Hanna
(585) 756-7300
Listed By:
Diane Springer · License NY #10401258952
(585) 406-0312
Source:
Nicholcityrealty
Added: Oct 9
Changed: Nov 6
Last Checked: Nov 8 at 5:30AM
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 Howard Hanna
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Investment Insights
Based on property information with market context.
This mobile home park has six on-site units: one owned by the park and renovated, plus five owned by tenants. The property information also indicates room for additional pads.
The property is at 7138 State Route 104a in Wolcott, NY, north of the waterfront village of Red Creek.
The property is at 7138 State Route 104a in Wolcott, NY, north of the waterfront village of Red Creek.
Key Highlights
- One park‑owned unit has been renovated
- Five units are tenant‑owned
- Room to add additional pads
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,867
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,340
$117.3K
Cap Rate 7%
$83,814
$83.8K
Cap Rate 9%
$65,189
$65.2K
Market Conditions
NOI Build-Up for 780 SF
Gross rent
$12.2K $15.60/SF
− Vacancy
−$1.5K −$1.92/SF
EGI
$10.7K $13.68/SF
− OpEx
−$4.8K −$6.15/SF
NOI
$5.9K $7.52/SF
Area
Wayne County, NY
Vacancy
12.33%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$117,340
Cap Rate 7%
$83,814
Cap Rate 9%
$65,189
Alternative Uses
Best Use
Apartment 5plus
$83.8K
$73.3K – $97.8K
NOI $5,867 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.1K
$183.9K – $245.1K
NOI $14,708 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 13143, NY
2,619
Population
1,034
Households
2.5
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
44.8 sq mi
ZIP Area
58
Density / Sq Mi
$72,371
Median Household Income
$41,680
Median Earnings
$1,096
Median Rent
$121,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The park includes one renovated, park-owned unit alongside five tenant-owned units.
Where is this mobile home & rv park located?
The property is located at 7138 State Route 104a Wolcott, NY.
What is the asking price?
The asking price for this property is $169,000.
What are key features of this property?
This property features: One park‑owned unit has been renovated; Five units are tenant‑owned; Room to add additional pads
