9698 Campbell Rd 25 Unit Mobile Home Park $1,083,860 CAD ($43,354 CAD/Unit) 7.58% Cap Rate Sauquoit, NY 13456

-All TOH's
-City water and sewer
-Strong area housing values and demographics
-Close to Route 8 convenient travel routes
-Adjacent to New Hartford, strong job opportunities
-Easy commute to new Wynn Hospital and SUNY Polytechnic and Chobani and Marcy Chip Factory
-4 Lots to infill with homes
-Stabilized with upside
-In place assumable financing
This opportunity checks all the boxes for a savvy investor looking for immediate cash flow, low maintenance and built in equity upside.
This 3.9 acre property has 21 Tenant Owned Homes with 4 sites ready for infill representing substantial upside.
If you are a first time MHP buyer this is and excellent community to learn the business, increase value and manage an asset.
If you are an owner of other MHP’s this is chance to expand your portfolio, increase value and have a stable long term appreciating asset.
The community is serviced by municipal water and sewer with a paved main roadway, packed gravel side roads.
Excellent suburban location in a hamlet with an excellent school district and easy access to major employers and shopping nearby in New Hartford, Utica, and Rome, NY.
Many long term pride of ownership tenants reside there.
The local home prices are appreciating with tight supply steady demand because of the schools, safety, convenience, employment and quality of life.
The average lot rent is over $400 with room for upside as legacy tenant rents are below market.
The dominant employment sectors overall are Health Care & Social Assistance (21,669 workers), Educational Services (15,066), and Retail Trade (14,759) Data USA — a stable, institutional-heavy base that bodes well for consistent housing demand.
Healthcare: Mohawk Valley Health System (MVHS) — the region's dominant healthcare employer, anchored by the new $600M Wynn Hospital in downtown Utica
Rome Health — serves the Rome/western Oneida County market
Gaming & Hospitality: Oneida Indian Nation / Turning Stone Resort & Casino — consistently ranked the #1 employer in the region, with a workforce of over 4,600 team members Oneida Indian Nation, larger than local Walmart and Lockheed Martin combined.
Defense & Technology: Air Force Research Laboratory (AFRL) — the anchor of Griffiss Business & Technology Park in Rome, employing nearly 700 civilians, 70 active-duty military, and approximately 500 contract engineers, with a $284M+ annual economic impact
Griffiss Business & Technology Park — a 70-employer, 6,000-employee tech and defense park on the site of the former Griffiss Air Force Base, anchored by the AFRL and a cluster of cybersecurity companies and defense contractors

Manufacturing:
CONMED Corporation — Utica-based surgical device and medical equipment manufacturer
Wolfspeed (formerly Cree) — a $1.2 billion Silicon Carbide fabrication plant in Marcy, described as one of the biggest private-sector technology investments in North America
Education:
SUNY Polytechnic Institute — major research university in Utica
Utica University, Mohawk Valley Community College, and Hamilton College — all significant institutional employers
Government:
Oneida County and City of Utica government operations are consistent public-sector employers across the MSA
Retail & Distribution:
Retail trade is the third-largest employment sector in the MSA, with nearly 15,000 workers Data USA, anchored by major chains throughout New Hartford and the greater Utica area