670 Granite Rd Kerhonkson, NY 12446-3445
- Mobile home & RV parks
- 952 SF
- 12.20 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 670 Granite Rd
- Year built
- 1998
- Lot size
- 12.20 lot acres
- Property size
- 952 SF
- Zone code
- R2
- Property type
- Mobile home & RV parks
- APN
- 514400 76.3-3-19.300
- APU
- 514400763319300
Description
Exceptional investment opportunity: Granite Creek manufactured housing community in Kerhonkson, NY, presents a compelling 12-unit mobile home park with a strong 8.14% cap rate and a current NOI of $65,000. This fully occupied property boasts a 12.2-acre lot and was built in 1990. The asking price is $825,000. The property includes one home currently rented for $1,350. Tenant management is simplified with online and check payment options, and many tenants have enjoyed long-term residency (15+ years). Operating expenses are low, contributing to the property's robust cash flow. Located approximately 90 minutes north of New York City, this property offers a convenient location and strong potential for future growth. A cost segregation study is available to further maximize ownership benefits. The property's gross income is $94,000. This is a turnkey investment ideal for those seeking a manageable, high-return asset in a desirable market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $410,000
- 6.5%
- $395,000
- 7%
- $365,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $465,000
- Mixed-Use
- $405,000
- Hospitality
- $450,000
- Educational
- $505,000
- Residential Income
- $385,000
- Energy
- $385,000
- Income-Based Land
- $425,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Kerhonkson
- County
- Ulster
- State
- New York
- Longitude
- -74.2728
- Latitude
- 41.7552
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA