786 Ny-221 Harford, NY 13784

Country Meadows Mobile Home Park presents a compelling investment opportunity in Harford, New York. This Class B property boasts 38 sites situated on 18.94 acres, offering a blend of tenant-owned homes and park-owned units, along with vacant lots ready for development. Currently, the park shows an occupancy rate of 87.21%, generating a Net Operating Income (NOI) of $133,678, resulting in a 9.90% capitalization rate. Pro forma projections indicate a significant increase in NOI to $153,568, boosting the capitalization rate to 11.38%. The park's infrastructure includes a well and septic system, providing essential services to residents. Conveniently located just 16 miles from Ithaca, NY, in Cortland County, this property benefits from its proximity to a larger metropolitan area. The breakdown of sites includes 31 tenant-owned homes, 2 park-owned homes, and 5 vacant lots, providing potential for future growth and revenue enhancement. The asking price for this established mobile home park is $1,350,000, representing a strong return on investment for the discerning buyer. The property's address is 786 NY-221, Harford, NY 13784.