16679 Ny-178Adams, NY 13605

This exceptional investment opportunity presents the Overton Trailer Park, a 12-unit mobile home park boasting a remarkable 100% occupancy rate. Situated on a spacious 5.3-acre lot in Adams, New York (Jefferson County, zip code 13605), this Class C property offers significant potential for growth. The park currently generates a Net Operating Income (NOI) of $75,240, translating to a compelling 10.76% capitalization rate. Pro forma projections indicate an even stronger NOI of $78,228 and a 11.19% capitalization rate, showcasing the property's impressive earning potential. The park features a mix of 8 park-owned homes and 4 tenant-owned homes, providing a diversified revenue stream. Essential infrastructure is in place, including a private well system and a private septic system, eliminating concerns about municipal utility costs and ensuring operational efficiency. The property's location at 16679 NY-178 in Adams, NY offers convenient access to local amenities and transportation routes. This turnkey operation is priced at $699,000 and represents a rare opportunity to acquire a high-performing mobile home park with significant upside potential in a stable market. The property's strong performance and attractive financial metrics make it an ideal addition to any investor's portfolio.