Violet Avenue Park

  • Title

    Manufactured Housing Property

  • City

    Hyde Park, NY

  • Price

    $1,290,000

  • Cap Rate

    9.1%

  • Gross Leasable Area

    26,250 SF

  • No. Units

    35

  • Price/SF

    $49.14

  • Price/Unit

    $36,857

Not found amenities.

Northeast Private Client Group presents the Hyde Park Housing Complex. The property consists of 15 cabins, 10 lots (with privately owned trailers), 10 trailers (including lot fees) and 1 house. The property is located at 1088 Violet Ave (also known at Route 9G) in Hyde Park, NY.

Hyde Park is located just north of Poughkeepsie in Dutchess County, NY; roughly 90 minutes from NYC on the Hudson River. The property provides an opportunity to purchase a relatively high cap rate community with significant upside. A new owner would benefit from replacing the older trailers with newer units to capture market rents, along with site work such as paving the driveway. Currently the majority of the tenants receive DSS benefits.

Hyde Park, Dutchess County, NY

Violet Avenue Park Offering Memo