40 Meadow Ln Champlain, NY 12919
Champlain AreaEstimated payment $3,035/month
About This Home
Champlain Mobile Home Park | 13 Units | 11.94% Cap Rate | Value-Add Opportunity Investment highlights 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:
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,087
Lot Details
- 1.5 Acre Lot
Bedrooms and Bathrooms
- 26 Bedrooms
- 12 Full Bathrooms
Community Details
- Champlain Mobile Home Park Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,088 | $166,000 | $21,000 | $145,000 |
| 2024 | $4,750 | $166,000 | $21,000 | $145,000 |
| 2023 | $4,936 | $166,000 | $21,000 | $145,000 |
| 2022 | $5,207 | $166,000 | $21,000 | $145,000 |
| 2021 | $4,980 | $166,000 | $21,000 | $145,000 |
| 2020 | $5,801 | $166,000 | $21,000 | $145,000 |
| 2019 | -- | $166,000 | $21,000 | $145,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | Pending | -- | -- | -- |
| 04/26/2026 04/26/26 | For Sale | $525,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $126,500 | Brian Snell |
Source: NY State MLS
MLS Number: 11738011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Ask me questions while you tour the home.