991 US Highway 11, Gouverneur NY 13642 (Off Market)

For Sale, USD 599,000


991 US Highway 11, Gouverneur NY 13642,

Property Type : Commercial

Property Style : N/A

Build Size : 938 ft² / 87 m²

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Mobile Home Park Investment Opportunity - Gouverneur, NY (Projected) 10.24% Cap Expansion Potential Come take a look at a cash-flowing mobile home park on 11 acres in Gouverneur, NY, originally established in 1975. This value-add opportunity features stable income, public utilities, and a significant expansion upside. With a projected Cap Rate at 10.24%, opportunity is there! The park currently is at an occupancy rate of 65% (vacancy rate 35%). There are 20 Total Manufactured Homes at this time - 12 park-owned, 6 tenant-owned, 2 vacant. Property also features more acres in rear, zoned for development. Land has been cleared in the past, but sits relatively flat, and ready for expansion. The highlight is Public Water & Sewer is connected already, and provides a convenient utility year round, directly to the park. Park is located in extremely close Proximity to Fort Drum - expanding tenant demand and regional stability Public sewer and water truly are a huge asset to the park, and it also features long term tenants who have over 20+ years experience living in this location. The park is in a quiet, rural setting, but also in a prime location only a short drive to Fort Drum, a major employer and population center. Financials & Rent Roll Available Upon Request. Ideal for investors seeking strong yield and long-term appreciation. Serious inquiries only. NDA may be required for detailed financials.
More
991 US Highway 11, Gouverneur NY 13642, United States,New York,Gouverneur is a 938ft² Gouverneur luxury Commercial listed for sale USD 599,000. This high end Gouverneur Commercial is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Gouverneur or search for luxury properties for sale in Gouverneur.