ABSOLUTE REAL ESTATE AUCTION! “Mobile Home Park on 6.9 +/- Acres”
On site @ 11342 ST. RT. 38 Newark Valley, NY 13811
Sunday September 15 @ 12 NOON
30 TOTAL UNITS, $49,542 2018 GROSS INCOME, QUALITY CASH FLOW OPPORTUNITY
Retirement Auction for Absentee/ Out of State Owners
Newark Valley Manufactured Mobile Home Community, LLC
NO MINUMUM * NO RESERVE
Directions: From Rt. 38 in NEWARK VALLEY, NY: Take Rt. 38 (3) miles North to Auction on RIGHT. Signs posted.
Real Estate Open House: Tues. Sept 10 (2:30 to 4 PM) Walk the land at your convenience or by apmnt.
Real Estate Auction
Real Estate: : Mobile home park on 6.9 +/- Acres of Land w/ 487′ of Road Frontage on Rt. 38 and 615′ of Road Frontage on Brown Rd. Currently renting 11 units (9 owner occupied/ 2 park owned) with the potential to have 30 total units. Includes separate elec. utilities, (2) drilled wells with recently updated water pumps, large septic tank w/ leach field (no problems 1 pump station from units to tank), good draining gravely soils, electric and propane heat sources, year to year leases, mobile homes from 80’s and 90’s and current average income per unit per month is $358. AN AFFORDABLE HOUSING OPPORTUNITY!
Located 18 miles to Dryden, NY; 20 miles to Ithaca; 15 miles to Endicott, NY & SELLS AT ABSOLUTE AUCTION TO THE HIGHEST BIDDER REGARDLESS OF PRICE!
Standard Real Estate Auction Terms:10% Buyer’s Premium added to final bid to equal the Total Purchase Price. 20% down on day of auction, with the remainder due at closing within 45 days. Time is of the essence. Bargain and Sale Deed. Property sells “As Is, Where Is”. All test required must be done prior to auction day. All statements at auction take precedence over printed material. Real estate to be sold free & clear with NO liens, NO back mortgages & NO back taxes owed! Auctioneer agency represents only the Sellers. Sells Absolute to the highest bidder regardless of price. BUYER retaining 100% mineral rights.
– Real Estate AuctionTax map #:(42.00-1-21.11), total assessed @ $49,875 current property class= 416 Mfg housing park., Full Market Value: $73,346, Zoning: Com 1, Newark Valley Central Schools. Town of Newark Valley, 2018/19 taxes paid by Seller = School/County/Town: $2,589.09 . Dimensions are approximate and not guaranteed.
Disclosure: 14 lots are not in the flood zone. The remaining lots are in the flood zone. The current mobile homes are grandfathered. Any new install into the lots existing to the east of the line on the map will have to meet the code with a flood plain permit. The homes will have to be raised 2 feet above the base flood elevation. Any new “lots” added to the park must follow current local and state code for manufactured home lots. See Map
SDZ Auction Co. is a full service real estate auction company serving all of NY & North East PA.