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1141 Wellman Rd
Ashville, NY 14710
Asking Price
$375K
Cap Rate
6.4%
Asset Type
Mobile-home-park
Class
Class B
What's Special
Mobile Home Park | 37 Units | Infil Opportunity <ul><li>37-Pad Infill Opportunity with Immediate Upside: 22 vacant pads and below-market lot rents provide a clear path to rapid lease-up and NOI growth.</li></ul><p></p><ul><li>Below Replacement Cost Basis: Offered at $375,000, significantly below the cost to develop and entitle a comparable community, creating a strong margin of safety.</li></ul><p></p><ul><li>Clear Path to Stabilization & Strong Returns – Proforma assumes infilling 5 MHP sites per year, stabilizing at ~80% occupancy by Yea
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NOI
$80,000
Cap Rate
21.33%
DSCR
3.59
Strong
Cash-on-Cash
51.32%
Monthly Payment
$1,855.295
Annual Cash Flow
$57,736.455