765 Saratoga Rd, Gansevoort, NY 12831
- Mobile home & RV parks
- 700 SF
- 2.56 lot acres
Current Use by Public Records
- Pleasant Valley / Campground & RV Park
Property Details for 765 Saratoga Rd
- Year built
- 1989
- Lot size
- 2.56 lot acres
- Zone code
- R-M
- Property type
- Mobile home & RV parks
- APN
- 415600 127.-3-61
- APU
- 415600127361
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 30, 2024 | — | Brentt Vanzandt | — | Deed · related | $1.1M · Adirondack Trust Company |
| Dec 6, 2019 | — | Brett Vanzandt | — | Deed · related | $384k · Kcmi Cap INC |
| Oct 7, 2015 | $525,000 | Brett Van Zandt | Pleasant Valley Mobile Hp INC | Grant Deed | $425k · Private Individual |
| Jun 28, 2004 | $530,000 | Valley Mobile Homehp Pleasant | Ernst,amos | Warranty Deed | — |
| — | — | Brett Vanzandt | — | Deed Of Trust · related | $384k · Kcmi Cap INC |
Description
This exceptional investment opportunity presents a well-maintained 17-unit mobile home park situated on 2.56 acres in desirable Gansevoort, New York. Boasting 100% occupancy, the property generates a strong net operating income (NOI) of $109,439, translating to an attractive 11.52% capitalization rate. Pro forma projections indicate an even higher NOI of $112,037 and a cap rate of 11.79%. The park comprises a mix of 10 park-owned homes, a smaller house, and 6 tenant-owned homes, offering diverse income streams. Conveniently located just 4.7 miles from Skidmore College, 5 miles from Saratoga Springs City Center, 5.4 miles from the Saratoga Race Course, 5.7 miles from the Saratoga Regional YMCA, and 1.8 miles from McGregor Links Country Club, the property benefits from strong demand and a prime location within Saratoga County. The park is professionally managed, ensuring efficient operations and consistent revenue generation. This is a rare opportunity to acquire a high-performing mobile home park with significant upside potential in a thriving market. The asking price is $950,000. The property's address is 765 Saratoga Rd, Gansevoort, NY 12831.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Gansevoort
- County
- Saratoga
- State
- New York
- Longitude
- -73.7641
- Latitude
- 43.1483
- CBSA code
- 10580
- CBSA name
- ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA
