1 Main Street, Deposit, NY 13754

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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, NewYork. 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.

1 Main Street | MLS# R1660258

This commercial property located at 1 Main Street, Deposit, NY 13754 is currently listed for sale with an asking price of $525,000. Main Street is located within the Deposit school district. Search Deposit real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Commercial - Business
Cooling: Central Air
Heating: Gas
Lot Size: 0.75 Acres
Roof Type: Asphalt
Stories: 1.0
Taxes: $16,755
Year Built: 2008

Feature Descriptions

Days on Site: 30
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 180X225
Parcel#: 123001-349-017-0003-012-000
Parking: Driveway, Surfaced
Parking Notes: Driveway, Surfaced
Sewer: Public Sewer
Units: 16
Utilities: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Water: Public

Local Schools

School District: Deposit

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna
Agency Contact: 607-437-5813

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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