8114 State Rd Colden, NY 14033-9774
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.