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Listed price in listed location currency (USD).
$525,000

261326

MLS® 202615831

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 10400 sqft
Garage 
Taxes $2,088
Days Active 0
Lot Size 
Approx. Age 1986
Avg. Price Per Sqft $50
MLS® Number 202615831

Property Address: 40 Meadow Ln, Champlain, NY, 12919-5251

Average square foot calculated using Size range provided by listing agent.

Description

Champlain Mobile Home Park | 13 Units | 11.94% Cap Rate | Value-Add Opportunity Investment highlights Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential. Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one. This community benefits from rare, highly desirable infrastructure, including: Town-maintained roads for reduced maintenance responsibility Public water and public sewer (no well/septic headaches) Natural gas availability All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors. With below-market operational optimization potential, investors can further increase NOI by: Bringing occupancy to 100% Adjusting lot rents to market levels Streamlining management Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing. Investment Highlights 13 Total Units 85% Occupied (Value-Add Upside) 11.94% Cap Rate Public Water & Sewer Natural Gas Town Roads 16x76 Alaskan Slabs on All Lots Low Maintenance Infrastructure. Property is 2 separate tax Parcels that must be sold together:18.15-6-17.3
MLS® Number202615831
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1986
BasementSlab
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 26, 2026List Date
$525,000List Price
  • Commute

Commute

Starting Address
Destination Address
40 Meadow Ln, Champlain, NY

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