Franklin
280 Zoar Rd
1
Map
$1,250,000
●
House -
For Sale
280 Zoar Rd
Charlemont, MA 01367
2 Beds
2 Baths
1,440 Ft²
$7,223
Est. Monthly
About This Property
Rare investment opportunity in Charlemont, MA! This fully occupied
mobile home park offers a strong income-producing asset with 25
mobile homes, an additional single-family residence, and a proven
rental history. Situated on 7.24 acres, the property generates an
impressive 8.25% cap rate with a $103,110 NOI. Each mobile home is
located on its own lot, providing a stable community with
consistent demand for affordable housing. With space to add up to 6
additional mobile homes, this property offers immediate cash flow
along with excellent potential for future growth and increased
revenue. A unique opportunity for investors seeking a turnkey
mobile home park with expansion possibilities.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
7.24 acres
Price per sqft
$868
Property Type
House
Property Taxes
$1,085
HOA Dues
-
Year Built
1987
Listed By
Aliyah Hildigunnarsson
Gallagher Real Estate
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (MLSPIN #73551049)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2026 | Listed by Lion's Head Real Estate Group | $1,250,000 | |
| Listed by Lion's Head Real Estate Group | |||
| Jul 3, 2025 | No longer available | - | |
| No longer available | |||
| Dec 10, 2024 | Listed | $1,500,000 | |
| Listed | |||
| | |||
|
This well-maintained mobile home park in Charlemont, MA, offers a unique investment opportunity with 25 fully-occupied mobile homes and a single-family residence, providing a reliable and consistent rental income stream. Each mobile home has its own lot, contributing to low vacancy rates and strong demand for affordable housing in the area. The single-family residence adds an additional source of income, whether used for owner occupancy or as a rental property.The property also holds significant potential for growth, with space available to add up to 6 more mobile homes, further increasing rental income and expanding the community. Situated in a desirable location with increasing demand for affordable housing, this property offers both immediate cash flow and future development opportunities. This mobile home park in Charlemont offers a stable income stream with the added potential for expansion, making it an excellent long-term investment.
| |||
| Dec 9, 2016 | Sold | ||
| Sold | |||
| Jul 31, 2001 | Sold | ||
| Sold | |||
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Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 2
Open Parking Spaces: 10
Interior Details
Full Bathrooms: 2
Rooms: 6
Has Fireplace
Fireplaces: 1
Basement: Full
Exterior Details
Square Footage: 1440
Architectural Style: Ranch
Year Built Source: Public Records
Year Built: 1987
Waterfront Features: Waterfront, Lake Front, Walk to, 0 to 1/10 Mile To Beach
Building Area Total: 1440
Building Area Units: Square Feet
Lot Features: Corner Lot, Wooded
Lot Size Area: 7.24
Lot Size Units: Acres
Lot Size Acres: 7.24
Lot Size Square Feet: 315374
Water Source: Private
Financial Details
Tax Assessed Value: $711,500
Tax Annual Amount: $13,020
Utilities Details
Cooling Type: Central Air
Heating Type: Radiant, Electric
Sewer : Other
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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