187 Old Loomis Rd Liberty, NY 12754

Property Details for 187 Old Loomis Rd

Year built

1920

Lot size

3.25 lot acres

Property size

880 SF

Zone code

R1

Property type

Mobile home & RV parks

APN

483689 35.-1-32.2

APU

483689351322

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.

Location Insight

City

Liberty

County

Sullivan

State

New York

Longitude

-74.7905

Latitude

41.7964

Property Tax & Assessments