1 Main Street, Deposit, NY 13754

Property Description

Excellent opportunity to acquire a cash-flowing manufactured home park operating at an approximately 10% cap rate, located in the Village of Deposit, New York. This rare two-parcel package is ideal for investors or owner-occupants seeking immediate income with built-in upside. Offered as a single sale, the property features 16 total lots, with 2 currently unoccupied, allowing for near-term revenue growth. The park is fully serviced by public village water and sewer. No water testing requirements by the Department of Health. The sale includes three park-owned manufactured homes. The 2008 Eagle Ridge double-wide has seen recent improvements, including a new water heater and range/microwave. It offers 3 bedrooms, 2 full baths, central air, a gas furnace, and an attached garage. Interior features include wood-paneled accents and a bonus room ideal for an additional bedroom or home office. The 1990 Titan single-wide features 2 bedrooms and 1 full bath, a large built-on porch, and a storage shed on the lot. The home has been updated with new flooring. The older-style single-wide includes a new refrigerator and recent bathroom updates. All remaining homes in the park are tenant-owned and occupied, providing consistent cash flow with limited landlord maintenance obligations. Parcels sold together: Tax Map #349.17-9-1 and Tax Map #349.17-3-12. Please respect residents’ privacy. One Owner is a NYS Licensed Real Estate Salesperson.