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$ 465,000
Est. payment | /mo
$ 465,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12025799
Year Built 1967
Property Description
Evergreen Estates, 42 Island Rd, Phoenix, is an established 11-unit mobile home park on about 7 acres, dating to 1967. Ten of 11 units are occupied: two lots rent at $450/mo, seven at $381/mo, and one rental home brings in $721/mo, for a current gross of $4,288/mo ($51,456/yr). Tenants pay all utilities. A 3% lot rent increase is planned for March 2027, and one vacant home offers value-add potential. At $465,000, the gross rent multiplier is about 9.0. An income-producing community for investors seeking steady returns, within reach of the Syracuse-area Micron development corridor. Rent roll and financials available to qualified buyers. Offered at $465,000.
Location
State NY
County 36075
Rooms
Dining Room 0
Kitchen 0
NEARBY SCHOOL & BUSINESS