Property profile

Dutch Hill Rd Boonville, NY 13309

OFF-MARKET
Mobile home & RV parks
840 SF 56 ac lot Built 1996
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 56-acre mobile home park situated on Dutch Hill Rd, Boonville, NY. Currently featuring 16 built and leased sites, this property boasts pre-approval for an additional 32 sites, with the potential to expand to 120-140 sites overall. The expansive land offers mostly level, sandy terrain, ideal for development. A significant advantage is the approximately 250 feet of frontage along Alder Creek, a tributary of the Black River. This prime location offers a tranquil setting while maintaining convenient access to major areas. The park is strategically located between Old Forge and Utica, providing a less than 30-minute commute to Utica's downtown area. The existing 840 square feet of developed space provides immediate income generation, while the substantial undeveloped acreage presents significant upside potential for future expansion and revenue growth. Detailed lot information is available upon request. This North Country property is perfectly positioned for investors seeking a scalable, high-return mobile home park investment with considerable room for expansion. The existing infrastructure and pre-approved sites minimize initial development hurdles, allowing for a rapid return on investment. This is a rare opportunity to acquire a well-situated, expandable mobile home park in a desirable location.

Property profile

Verified
Property type Mobile home & RV parks
Year built 1996
Total area 840 SF
Lot 56 ac (2,439,360 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Dutch Hill Rd Boonville, NY 13309
Boonville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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