158 Bellen Rd, Broadalbin, NY 12025-2160
- Mobile home & RV parks
- 868 SF
- 6.40 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 158 Bellen Rd
- Year built
- 1984
- Lot size
- 6.40 lot acres
- Zone code
- R1
- Property type
- Mobile home & RV parks
- APN
- 173089 152.-7-5
- APU
- 17308915275
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 9, 2021 | — | Mountain Creek LLC | — | Deed · related | $393k · Pioneer Bank |
| Apr 16, 2015 | — | Mountain Creek, LLC | Mab Enterprises, LLC | Deed | — |
| Feb 20, 2015 | $500,000 | Mountain Creek, LLC | Mab Enterprises, LLC | Deed | — |
Description
Exceptional investment opportunity: a 50-unit mobile home park situated on 26.97 acres in Broadalbin, NY (12025), offering a compelling 8.69% capitalization rate and a strong net operating income (NOI) of $129,476. The property boasts an 88.08% occupancy rate, with 39 tenant-owned homes, 2 park-owned homes, and 6 vacant lots. A three-unit stick-built apartment building is also included. Currently utilizing septic and well systems, two parks within this portfolio have the potential for public sewer connection; a $25,000 seller concession is available at closing for one park's sewer hookup. This portfolio comprises three distinct parks, offering a diversified investment strategy. Pro-forma NOI is projected at $153,377, reflecting a 10.29% pro-forma capitalization rate. The property's location provides access to the Saratoga Springs market. Detailed financial information and further specifics on each park's acreage and unit breakdown are available upon request. This is a rare opportunity to acquire a well-established mobile home park with significant upside potential.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Broadalbin
- County
- Fulton
- State
- New York
- Longitude
- -74.2068
- Latitude
- 43.0472
- CBSA code
- 24100
- CBSA name
- GLOVERSVILLE, NY MICROPOLITAN STATISTICAL AREA
