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298 Bailey Hill Road

7 Unit Mobile Home Park $375,000 ($53,571/Unit) Killingly, CT 06239

Investment Highlights

  • Directly off Bailey Hill Road

Executive Summary

This private mobile home park has a lovely rural setting, close to Route 6. Currently there are 7 mobile homes on site, all privately owned. Pride of ownership is evident as most tenants have been there for many years, and have improved their homesites. The 7 mobile home owners currently pay $430 per month for lot rent which includes water, septic. The park owner has upgraded the well house with a propane generator to ensure tenants will have water during any power outage. Tenants pay their own utilities and maintain their lots for snow and landscaping. The 20 acre parcel offers potential for the new owner. Currently about 8 acres is used for the park, and the rest is a nice wooded area. This is a great price with 20 acres available. Buyer should do due diligence for possible uses. there is an 8th approved mobile home site that is currently empty space.

Property Facts Under Contract

Price $375,000
Price Per Unit $53,571
Sale Type Investment
No. Units 7
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 20.50 AC
Building Size 5,250 SF
No. Stories 1
Year Built 1985

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
KILL-000187-000000-000012
Land Assessment
$189,000
Improvements Assessment
$0
Total Assessment
$189,000

zoning

Zoning Code RD (Residential Development)
RD (Residential Development)
  • Listing ID: 32834821

  • Date on Market: 8/16/2024

  • Last Updated:

  • Address: 298 Bailey Hill Road, Killingly, CT 06239

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