40 Meadow Lane Champlain, NY 12919
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 10,400 sqft
Price per Sqft $50
MLS Listing ID 202615831
Bedrooms 26
Full Baths 13
HOA Y/N No
Year Built 1986
Annual Tax Amount $2,087
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions 65340
Property Sub-Type Multi Family
Source Global MLS
Property Description
-Motivated Seller-
Positioned in the stable and affordable housing market of Champlain, this 13-unit mobile home park presents a compelling opportunity for investors seeking strong in-place cash flow with upside potential.
Currently operating at 85% occupancy, the property offers immediate income with the ability to increase revenue through lease-up and operational efficiencies. With an attractive 11.94% cap rate, this asset delivers strong returns from day one.
This community benefits from rare, highly desirable infrastructure, including:
Town-maintained roads for reduced maintenance responsibility
Public water and public sewer (no well/septic headaches)
Natural gas availability
All sites improved with 16x76 Alaskan slabs, minimizing future capital expenditures
The combination of municipal utilities and quality site improvements significantly lowers operational risk while enhancing long-term durability--features highly sought after by experienced mobile home park investors.
With below-market operational optimization potential, investors can further increase NOI by:
Bringing occupancy to 100%
Adjusting lot rents to market levels
Streamlining management
Located near the Canadian border and key regional employment corridors, Champlain continues to benefit from steady demand for affordable housing.
Investment Highlights
13 Total Units
85% Occupied (Value-Add Upside)
11.94% Cap Rate
Public Water & Sewer
Natural Gas
Town Roads
16x76 Alaskan Slabs on All Lots
Low Maintenance Infrastructure.
Property is 2 separate tax Parcels that must be sold together:18.15-6-17.3
Location
State NY
County Clinton
Zoning Multi Residence
Direction Take I-87 North (Adirondack Northway) toward the Canadian border Continue on I-87 North to Exit 42 (US-11 / Champlain) At Exit 42, take the exit toward Champlain / US-11 Turn right onto US-11 North Go through the traffic circle and continue following US-11 Turn left onto South Street Turn left onto Church Street Turn left onto Meadow Lane Arrive at 40 Meadow Lane, Champlain, NY 12919
Interior
Heating Forced Air, Natural Gas
Exterior
Exterior Feature None
Utilities Available Cable Available, Cable Connected
Building
Sewer Public Sewer
Water Public
Architectural Style Other
Schools
School District Northeastern Clinton Csd
Others
Tax ID 092801 18.15-6-20
Acceptable Financing Cash, Owner Concession
Listing Terms Cash, Owner Concession
Special Listing Condition Standard
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