Amity Estates MHC Portfolio
Angelica, NY
Asking price
$1,500,000
Sites
34
Cap rate
10.60%
Price / site
$44,118
About this property
Description ***Financials corrected on 03-10-2025*** Amity Estates MHC is a two-park manufactured housing portfolio located in Belmont and Angelica, NY (Allegany County). Situated just six miles apart, these turnkey, income-producing communities offer a combined 34 pads, with 30 currently occupied, presenting an immediate cash-flow opportunity. Both parks feature on-site management and maintenance personnel, ensuring smooth day-to-day operations. Angelica, NY MHC 145-165 East Main Street, Angelica, NY 14709 •Built 1968 •3.2 Acres •13 Pads (all occupied) accommodating 14x70 trailers •10 POH ($750/month average), 3 TOH ($450/month average) •Recent Rent Increase: 2024 •Utilities: City water (back billed), private septic, tenants pay individual gas & electric •Infrastructure: PVC water lines, 100-amp pedestals, metered utilities •Roads: Gravel (fair condition, maintained by park) •Tenant Responsibilities: Lawn care; manager handles snow removal •Leases: Annual leases; rent collection via direct deposit, Section 8, DSS Recent Improvements: •Four POH renovated •New septic tank (2023) •Skirting/flooring updated on most trailers •Gravel added to roads Future Value-Add Potential: Continued road improvements, power washing & painting POH, and one additional trailer renovation. Belmont, NY MHC 5425 Trianna St, Belmont, NY 14813 •Built in 1970 •6.4 acres •21 Pads (17 Occupied) accommodating 14x70 trailers •16 POH (14 occupied, $600/mo avg.), 1 TOH ($650/mo avg.) •Last Rent Increase: 2022 •Utilities: City water, private septic, tenants pay direct gas/electric •Infrastructure: PVC water lines, 100-amp pedestals, metered utilities •Roads: Gravel (fair condition, maintained by park) •Tenant Responsibilities: Lawn care; manager handles snow removal •Leases: No formal leases; rent collection via direct deposit, Section 8, DSS Recent Improvements: •Four POH renovated •Two brand-new septic tanks ($20,000 investment) •New gravel throughout park (2023) •New furnaces, stoves, and ovens in POH •Eviction of two non-paying tenants Future Value-Add Potential: Additional tree removal at front of park, continued road maintenance. Amity Estates MHC (Investment Highlights) •Immediate Cash Flow – 30 occupied units across both parks •Value-Add Potential – Room for rent increases and continued infrastructure upgrades •Established Operations – On-site management & maintenance in place •Tenant-Paid Utilities – Tenants cover electric, gas, and water (Belmont); water back billed in Angelica •No Major Infrastructure Additions Needed – All vacant pads are ready for infill. Amity Estates MHC presents a rare opportunity to acquire two stabilized parks in a growing rental market. With established cash flow, operational efficiencies, and future upside potential, this portfolio is ideal for both experienced investors and those looking to expand their MHC holdings. Jennifer Stein is the Listing Broker for this listing and is licensed in the State of NY under LIC#10351218792. Jonathan Fisher is an out-of-state cooperating broker who is licensed in the State of Illinois under Lic#471.020503.
All details
| Asking price | $1,500,000 |
|---|---|
| Sites | 34 |
| Price per site | $44,118 |
| Cap rate | 10.60% |
| Year built | 1970 |
| Address | 145 East Main Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
