40 Meadow Ln Champlain, NY 12919
Estimated payment $2,939/month
Highlights
- Downtown View
- No HOA
- Forced Air Heating System
- 1.5 Acre Lot
- Bathroom on Main Level
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:18.15-6-17.3
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,088
Year Built
- Built in 1986
Lot Details
- 1.5 Acre Lot
- Land Lease
Property Views
- Downtown
- Forest
Home Design
- 10,400 Sq Ft Home
- Slab Foundation
- Vinyl Siding
Bedrooms and Bathrooms
- 26 Bedrooms
- Bathroom on Main Level
- 13 Full Bathrooms
Parking
- 26 Parking Spaces
- Open Parking
Utilities
- No Cooling
- Forced Air Heating System
- 100 Amp Service
- Cable TV Available
Community Details
- No Home Owners Association
- 13 Units
Listing and Financial Details
- Legal Lot and Block 20.000 / 6
- Assessor Parcel Number 092801 18.15-6-20
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/26/2026 04/26/26 | For Sale | $525,000 | -- | $50 / Sq Ft |
Source: Global MLS
MLS Number: 202615831
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Local REALTOR® - Todd Siegel, Broker - (888)-952-6393
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