32191 Old Rte 3 st Immeuble residentiel 12 lots 262 791 € (21 899 €/Lot) Taux de capitalisation 13 % Carthage, NY 13619

Fairhaven is an infill value-add manufactured-home community offered at $299,000. The park runs on municipal water and sewer and is anchored by eight paying
tenant-owned homes — the owner retains only the land and infrastructure, keeping recurring capital expense minimal. Two levers carry the asset from a 6.0% in-place
yield to a 13%+ stabilized return: (1) lease up the four vacant park-owned lots — each with utility hookups in place — at $350/mo market lot rent, and (2) mark a
below-market legacy rent (Lot 3 at $100) to market on renewal. The sale also includes the adjacent undeveloped parcel (Tax No. 76.05-1-11.3) at no additional cost,
offering future expansion beyond the existing 12 sites, subject to municipal approvals. The community sits roughly ten minutes from Fort Drum — the largest single-site
employer in New York State — within a majority-renter village where affordable, federally anchored housing demand is durable.