HIGH ACRES & FAIRDALE PARK
BEMUS POINT & LAKEWOOD, NEW YORK
Broker of Record - Manhattan
AVERAGE SITE RENT
PRO FORMA NOI
REAL ESTATE PRICE
66 Total Acres
Two Communities Containing 187 Total Sites
Opportunity to Implement an Aggressive Sales Program to Increase Occupancy
71 Percent Occupied
Very Few Park Owned Homes
Conveniently Located Near a Walmart Supercenter
Request Property Information
Marcus & Millichap is pleased to present the opportunity to acquire two manufactured housing communities located in New York. The communities are all-age and contain a total of 187 sites. High Acres is a 175 site community located on approximately
66 acres in Bemus Point while Fairdale Park is located in Lakewood and contains 12 sites on .70 acres just south of High Acres. Out of the 187 total sites, only 3 are park owned homes (2 Occupied + 1 New Inventory Home). The communities must be bought as a package and will be delivered free and clear.
The communities are 71% occupied allowing a new investor to implement an aggressive sales program while still benefiting from the steady income of the already occupied sites. High Acres is serviced by private water and public sewer that is sub-metered
while Fairdale Park is serviced by public water and sewer that is sub-metered.
The communities are located within 8.5 miles of one another allowing an investor to enjoy economic efficiencies through management and maintenance consolidation. Fairdale Park is conveniently located across the street from a Walmart Supercenter and Chautauqua mall while High Acres is located near the Southern Tier Expressway (Interstate 86).