40 Meadow Lane
Property Description
Champlain Mobile Home Park | 13 Units | 11.94% Cap Rate | Value-Add Opportunity Investment highlights Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential. Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one. This community benefits from rare, highly desirable infrastructure, including: Town-maintained roads for reduced maintenance responsibility Public water and public sewer (no well/septic headaches) Natural gas availability All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors. With below-market operational optimization potential, investors can further increase NOI by: Bringing occupancy to 100% Adjusting lot rents to market levels Streamlining management Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing. Investment Highlights 13 Total Units 85% Occupied (Value-Add Upside) 11.94% Cap Rate Public Water & Sewer Natural Gas Town Roads 16x76 Alaskan Slabs on All Lots Low Maintenance Infrastructure. Property is 2 separate tax Parcels that must be sold together:Broker Details
INGLENOOK REALTY INC (518) 882-6236
MLS ID: 61650 State License Number: 31GO1064958
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $525,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 26 |
| Number of Bathrooms: | 12 |
ID: 3yd-NYSMLS-11738011
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