121 Cooper Rd Fishkill, NY 12524-2418
- Mobile home & RV parks
- 6,480 SF
- 1.50 lot acres
Current Use by Public Records
- Msix handyman services / Painting / Carpenter
Property Details for 121 Cooper Rd
- Year built
- 1928
- Lot size
- 1.50 lot acres
- Property size
- 6,480 SF
- Zone code
- R20
- Property type
- Mobile home & RV parks
- APN
- 135689 6156-02-852766-0000
- APU
- 9223372036854775807
Description
This exceptional investment opportunity presents a 13-unit mobile home park situated on a 3-acre lot in Wappingers Falls, NY, conveniently located at 121 Cooper Rd, Fishkill, with a zip code of 12524. Currently boasting 100% occupancy, the park generates a strong Net Operating Income (NOI) of $78,168, translating to an attractive 8.93% capitalization rate. Pro forma projections indicate an even more compelling 9.31% cap rate and a NOI of $81,503, based on the current rental income structure. The income stream is comprised of twelve mobile home lots rented at $675 per month each, and one single-family home rented at $1,650 per month. The property features well and septic infrastructure, ensuring efficient and cost-effective operation. This well-maintained park presents a solid foundation for immediate cash flow and significant future growth potential. The property is classified as Class C and is located in Dutchess County, New York, at latitude 41.557425 and longitude -73.899876. This is a turnkey operation ideal for an investor seeking a stable, high-yielding asset in a desirable location. The asking price for this lucrative investment is $875,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fishkill
- County
- Dutchess
- State
- New York
- Longitude
- -73.8998
- Latitude
- 41.5575
- CBSA code
- 39100
- CBSA name
- POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
