116 Pantry DrSMITHVLE FLTS, NY 13841
- Other commercial real estate
- 2.48 AC
Property Details for 116 Pantry Dr
- Year built
- 1970
- Lot size
- 2.48 AC
- Property type
- Other commercial real estate
- Property subtype
- Multifamily properties
Description
This exceptional commercial property in Smithville Flats, NY, presents a lucrative investment opportunity. Located at 116 Pantry Dr, 13841, this 2.48-acre lot (APN 202.17-2-38) features a thriving mobile home park with three units and one vacant lot. Two mobile homes, owned by the seller, generate a combined monthly rental income of $1800. A third mobile home, tenant-owned, provides an additional $450 monthly lot rent. The property boasts a strong net operating income (NOI) of $16,300, resulting in an attractive 15% capitalization rate. Built in 1970, the park is zoned for commercial use and includes phase 3 electric service, offering potential for expansion or alternative commercial ventures. This low-maintenance property provides significant income potential with high returns and minimal operational demands. The asking price is $120,000. This is a rare chance to acquire a well-established, high-performing commercial property in a desirable location.
Location Insight
- City
- SMITHVLE FLTS
- County
- Chenango
- State
- New York
- Latitude
- 42.4337
- Longitude
- -75.8712
Comparable in this City
Similar Nearby for Sale
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