187 Old Loomis Rd, Liberty, NY 12754
- Mobile home & RV parks
- 880 SF
- 3.25 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 187 Old Loomis Rd
- Year built
- 1920
- Lot size
- 3.25 lot acres
- Zone code
- R1
- Property type
- Mobile home & RV parks
- APN
- 483689 35.-1-32.2
- APU
- 483689351322
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 9, 2021 | $650,000 | Liberty Mhp LLC | Liberty Estates Mhc LLC | Deed | — |
| Jul 23, 2020 | $405,000 | Liberty Estates Mhc LLC | Paul E JR | Grant Deed | — |
| Dec 29, 2008 | $263,000 | Paul E Murphy JR. | Murphy,paul E | Grant Deed · related | — |
Description
This exceptional 15-unit mobile home park presents a compelling investment opportunity in Liberty, New York. Located at 187 Old Loomis Rd, Sullivan County, NY 12754 (41.796432, -74.790556), this Class C property sits on a 4-acre lot and boasts an impressive 8.12% cap rate, with a pro-forma cap rate of 10.44%. The current NOI stands at $52,755, projected to increase to $67,870. The park currently enjoys an 80.71% occupancy rate, comprising 8 tenant-owned homes, 4 park-owned homes, and 2 vacant homes, plus one vacant, fully-serviced lot. Key infrastructure features include city water and sewer, and newly paved roads. Its convenient location offers easy access to amenities while being approximately a two-hour drive from New York City. The asking price for this lucrative investment is $650,000. This property offers significant upside potential through increased occupancy and operational improvements, making it an attractive addition to any real estate portfolio. The property's strong fundamentals and strategic location position it for continued growth and profitability. This is a rare opportunity to acquire a well-maintained mobile home park with substantial potential for future returns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $585,000
- ML approach
- $495,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Liberty
- County
- Sullivan
- State
- New York
- Longitude
- -74.7905
- Latitude
- 41.7964
