Middletown

COMMERCIAL

Address: ‎120 Casimer Road #124

Zip Code: 10941

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$700,000

ID # 949023

English

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eXp Realty Office: ‍888-276-0630

$700,000 - 120 Casimer Road #124, Middletown, NY 10941|ID # 949023

ID #‎ 949023
Construction Year1980
Taxes
(per year)
$8,778
Fuel TypeOil

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房屋英文概況 English Description

Investor Opportunity – Income-Producing Mobile Home Park (Land Only).
This listing is for the land associated with a trailer park; no trailers are included in the sale. The property consists of 10 income-producing pad sites, each with individual septic systems and water supplied by the landlord. Current lot rents are $700 per month per pad, generating $84,000 in annual gross income.
Annual operating expenses are approximately $11,778, including $8,778 in taxes, $2,400 in dumpster fees, and $600 in electric for the well, resulting in a net operating income of approximately $72,222. This represents a strong double-digit cap rate at the asking price. There is additional upside with potential for 2 additional pad sites. Electric, water, and septic are already in place; pads would require concrete slabs to become rentable, subject to town approval. Market rents in the area support higher rates, offering further long-term upside.
Owner financing may be considered depending on down payment and balloon terms. Ideal for cash or 1031 buyers. Do not disturb tenants. Showings by appointment only. © 2025 OneKey™ MLS, LLC

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$700,000

COMMERCIAL
ID # 949023
‎120 Casimer Road
Middletown, NY 10941


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