45 Pumphouse Rd., Hancock, NY 13783

Property Description

Unique opportunity to own an income producing property with usable river frontage. This manufactured home park consists of 2.08 acres of surveyed land and currently has 6 units. 3 of the units are owned by others who pay lot rent, and the other 3 units are owned by the landowner and are rented to others. The 10.2% Cap Rate is based on an NOI of $36,011. Recent upgrades include new water lines. Property has 228' frontage on the East Branch Delaware River. Owned units include a double-wide manufactured home rented at $1,050/month and 2 single-wide units at $750/month each. Units owned by others pay $525, $550 and $550 lot rent, respectively. Tenants pay individual water & sewer charges.