805 Southside Dr - Manufactured Housing/Mobile Housing FOR SALE


Oneonta, NY 13820
$1,149,000 USD
646-233-0438
805 Southside Dr, Oneonta, NY for Sale
$1,149,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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805 Southside Dr
Oneonta, NY 13820


OVERVIEW

Diverse Investment Opportunity: This multi-family property at 805 South Side Drive boasts 2 tenant-owned homes with lot rent at $365, 4 stick-built units, and 15 park-owned homes. The stick-built units are all 1 bed/1 bath, currently fetching rents of $930, $850, $715, and $750, with potential to easily reach $900 each. The park- owned homes have seen recent upgrades, with new pads and newer homes rolled in, alongside renovations including new kitchens and bathrooms. Rent increases are underway, with one unit already jumping from $650 to $1050, promising a lucrative return on investment. Oneonta, colloquially known as the “City of the Hills,” is situated just a short drive away from Cooperstown in upstate New York’s Susquehanna Valley. This lively college town, home to both the State University of New York at Oneonta and Hartwick College, exudes a youthful vibrancy that melds harmoniously with the city’s rich history and the natural beauty of its surroundings. Renowned for its commitment to the arts, Oneonta features numerous art galleries, theaters, and music venues, including the annual OH-Fest music festival. The city’s proximity to the Catskill Mountains provides ample opportunities for outdoor activities such as hiking, biking, and skiing. Additionally, Oneonta’s burgeoning food scene offers an array of unique dining experiences, from farm-to-table eateries to local breweries, perfectly encapsulating the essence of this vibrant, friendly city.

FOR SALE DETAILS

PRICE

$1,149,000 USD

# OF UNITS

22

PRICE/UNIT

$52,227

CAP RATE

12.37%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Green Acre MHP

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Megan HaggartyIRE InvestmentMore Info
646-233-0438

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Megan HaggartyIRE InvestmentMore Info
646-233-0438

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.