M&K MHP

POUGHKEEPSIE, NEW YORK

Property Highlights

SITES

OCCUPANCY

AVERAGE SITE RENT

2017 NOI

2018 NOI

PRO FORMA NOI

CAP RATE

TOTAL PRICE

40

90%

$590

$169,409

$165,446

$148,153

6.89%

$2,150,000

Investment Highlights

  • Opportunity to Acquire a Mobile Home Park Located in New York
     

  • 40 Sites that are 90 Percent Occupied
     

  • Situated on 11.5 Acres
     

  • Population Greater than 315,000 Within a
    15 Mile Radius
     

  • Located in the Hudson River Valley
     

  • Serviced by Private Water and Sewer

Request Property Information

Listed By:

Jonathon McClellan

(216) 264-2023

Jonathon.McClellan@marcusmillichap.com

Kyle Baskin

(216) 264-2059

Kyle.Baskin@marcusmillichap.com

Connor Outcalt

(216) 264-2029

Connor.Outcalt@marcusmillichap.com

John Krueger

Broker of Record 

License 10311205789

Property Overview

Marcus & Millichap is pleased to present the opportunity to acquire a mobile home park located in Poughkeepsie, New York known as M&K MHP. The community is located in the Hudson River Valley and an hour and a half north of Manhattan (77 Miles). M&K is a 40 site, all-age community that is 90 percent occupied and situated on approximately 11.5 acres. The community is serviced by private water and sewer.
 

The total population within 15 miles of the community is greater than 315,000 and is expected to increase by three percent over the next five years. The area also boasts a median housing value of $263,602 and average household income of $94,959 within a 15 mile radius.

GET IN TOUCH:

SOCIAL LINKS:

Jonathon McClellan
Senior Managing Director Investments

Jonathon.McClellan@marcusmillichap.com

(216) 264-2023

Kyle Baskin

Senior Managing Director Investments

Kyle.Baskin@marcusmillichap.com

(216) 264-2059

Jacqueline Sawchik

Executive Assistant | Marketing Coordinator

Jacqueline.Sawchik@marcusmillichap.com

(216) 264-2062

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© 2017 by McClellan & Baskin MHC Group