Green Acre MHP 805 Southside Dr 22 Unit Mobile Home Park £887,533 (£40,342/Unit) 12.37% Net Initial Yield Oneonta, NY 13820

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.