255 Main St, Delhi, NY 13753-1077

This exceptional investment opportunity presents a 17-unit mobile home park situated on a spacious 2.5-acre lot in Delhi, New York. Currently boasting 100% occupancy, the property generates a strong NOI of $64,412, translating to a compelling 9.59% capitalization rate. Pro forma projections indicate a potential NOI of $67,191 and a 10.00% cap rate, showcasing significant upside potential. The park comprises 17 units, including 10 tenant-owned homes, 2 park-owned homes, and one vacant lot. Adding to the property's value is a four-family apartment complex located on the site. The property benefits from city sewer and well water. Its convenient location is just five minutes from SUNY Delhi and within the Delaware Academy School District. Delhi offers a blend of historical charm and modern amenities, attracting a stable tenant base. The property is well-maintained and managed, ensuring consistent cash flow and minimizing operational concerns. This is a rare opportunity to acquire a well-performing mobile home park in a desirable location with excellent growth prospects. The asking price is $672,000.