Hillcrest Villas MHP — Sale in Duanesburg, NY

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Duanesburg, NY 12056
  • Year built: 1990

Investment Figures

Cap rate
7.71%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Hillcrest Villas MHP, located in Duanesburg, NY (Albany Schenectady-Troy MSA), a cashflowing, value-add investment consisting of 73 total sites with immediate upside through infill, rent growth, and operational improvements. Located approximately 20 miles west of Schenectady along the Western Turnpike (US Route 20), Duanesburg sits within New York’s Capital Region — the state’s third-largest metro area with a population of approximately 913,000. The Albany-Schenectady-Troy MSA benefits from a diversified employment base anchored by state government, healthcare systems (Albany Med, Ellis Medicine), higher education (SUNY Albany, Union College, RPI), and a growing technology sector marketed under the “Tech Valley” brand. Schenectady County is currently the fastest-growing county in the Capital Region at 1.2% annual growth, driven by strong domestic in-migration and new housing demand. This offering consists of 73 total sites, including 58 tenant-owned homes (TOH) and 2 occupied apartments, 1 vacant apartment and 12 vacant mobile home lots, presenting a strong infill and stabilization opportunity. The average MH lot rent is approximately $519/month, with projected market lot rents around $650/month, providing natural room for rent growth. The 2 occupied apartments generate additional income at an average of $1,143/month, and the 1 vacant apartment has a projected rent of $1,300/month. Hillcrest Villas is serviced by private well water (metered, billed back to tenants) and private septic (landlord pays, included in rent). Trash is curbside and tenant-paid via direct billing. Electric, gas/propane, and cable are all tenant-paid direct bill. Roads are private and paved. The community sits on 70.21 acres and is NOT in a Flood Zone and NOT in an Opportunity Zone. Landlord mows common areas and is responsible for snow plowing. Hillcrest Villas MHP is being offered at a purchase price of $3,500,000, reflecting a 7.7% cap rate on in-pla

Market Context

This multifamily in Duanesburg, NY is listed for sale. It is offered at an approximate 7.7% capitalization rate, a key benchmark for income-producing multifamily assets. The building dates to 1990. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Duanesburg, NY — view the full market.

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