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    OFF-MARKET
    Mobile home & RV parks

    2600 Us-20A, Varysburg, NY 14167

    5.17 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a 25-unit mobile home park situated on a spacious 5.17-acre lot in Varysburg, New York. Built in 1970, the park boasts a strong 93.13% occupancy rate, generating a current Net Operating Income (NOI) of $92,325, translating to an attractive 11.19% capitalization rate. Pro-forma projections indicate an even more compelling 11.66% cap rate and a NOI of $96,231. The park's inventory includes 20 tenant-owned homes and 3 park-owned homes, all operating under rent-to-own agreements. Two vacant lots offer potential for future expansion or additional revenue streams. The property benefits from a public water system and a private septic system, ensuring efficient and reliable infrastructure. Strategically located at 2600 US-20A in Wyoming County, New York (zip code 14167), this Class B property offers a solid foundation for a lucrative investment in the Western New York market. The asking price for this well-maintained mobile home park is $825,000. This represents a rare chance to acquire a proven, cash-flowing asset with significant upside potential. The property's strong performance metrics and favorable location make it an ideal addition to any real estate portfolio.

    Property profile
    Verified
    Property type Mobile home & RV parks
    Year built 1970
    Lot 5.17 ac (225,205 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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