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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

8114 State Rd Colden, NY 14033-9774

520 SF 2.4 ac lot Built 1965
Entity Owned 6-yr Hold Free & Clear
Property ID
US63-3745559
Property summary
AI-generated overview

This exceptional investment opportunity presents a well-established mobile home park situated on a spacious 5.7-acre lot in Colden, New York. The property, encompassing two combined lots (1-011 & 1-010), boasts a total of 18 pads and an additional house. Nine of the mobile home units are owner-occupied, contributing to the park's strong occupancy and stability. The park enjoys a remarkable history of long-term tenancy, with most residents having occupied their units for five years or more. This translates to simplified management and consistent cash flow. The property's financial performance is impressive, demonstrating a strong Net Operating Income (NOI) of $97,223. This established mobile home park offers a rare blend of established income, low-maintenance operation, and significant growth potential. The location in Colden, NY provides easy access to local amenities and transportation routes. This turnkey operation is ideal for an investor seeking a proven, profitable venture with a history of success and a strong tenant base. The property's size and established infrastructure provide a solid foundation for continued growth and profitability. This is a unique opportunity to acquire a well-maintained and financially sound mobile home park in a desirable location. The property is being offered at $739,000.

Property profile
Verified
Property type Mobile home & RV parks
Use group MOBILE HOME PARK, TRAILER PARK
Year built 1965
Total area 520 SF
Lot 2.4 ac (104,544 SF)
APN 143400 228.00-1-11
UPID US63-3745559
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
D Commercial Properties LLC · 6 yrs held
D Commercial Properties LLC
since 2020
Last sale
$505,000
3 recorded transactions
2021
Price N/A
2020
$585,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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