1028 Dix Ave, Hudson Falls, NY 12839-1056

This exceptional investment opportunity presents a well-maintained 38-unit mobile home park situated on a 3.09-acre lot at 1028 Dix Ave, Hudson Falls, NY 12839. Currently boasting an 86.43% occupancy rate, the park generates a substantial Net Operating Income (NOI) of $145,366, translating to a 7.65% capitalization rate. Pro-forma projections indicate a significant increase in NOI to $167,561 and a boosted cap rate of 8.82%. All homes within the park are tenant-owned, minimizing management responsibilities. Five vacant lots offer immediate potential for increased revenue. The park benefits from city water and septic systems, with tenants responsible for garbage, water, and electricity costs. Furthermore, the park manager and maintenance personnel are committed to remaining, ensuring a smooth transition for the new owner. This Class B property is located in Washington County and presents a compelling investment opportunity with strong potential for growth and return. The property's current performance and future projections make it an attractive addition to any real estate portfolio.