Fairdale Park & High Acres

Lakewood & Bemus Point, New York

Property overview

Both communities are conveniently located close to the beautiful shores of Lake Chautauqua, which provide a wide array of outdoor and seasonal activities. Much of the local economy revolves around the visitors the lake attracts, but companies such as Cummins and Matco Tools also have local factories, providing a diverse workforce in need of affordable housing.

Fairdale Park, developed in 1967, is an all ages, 3-star community located in Lakewood, NY. It is a 12-site park that is occupied with 8 resident-owned homes, and it has 3 vacant developed sites and 1 abandoned home.

High Acres, developed in 1970 and renovated in 2015, is an all ages, 3-star community located in Bemus Point, NY. The 174-site park is occupied with 123 resident-owned homes, 2 leased park owned homes, and 1 employee sites. The remaining sites are made up of 40 vacant developed sites, 5 vacant homes, and 3 abandoned homes. There is an occupied stick built home that is not included in the total site count.

Fairdale Park & High Acres

Lakewood & Bemus Point, New York

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Property Summary

Total Sites186
Year Constructed1967/1970
Land (Acres) +94.78
Occupancy72%
Average Rent/Site$332
PRIMARY USEAll Age
PROPERTY TYPEMHP
STAR CLASSIFICATION3

OFFERING SUMMARY

Community Price$4,750,000
Total Investment$4,750,000