$1,295,000
516 county highway 11, oneonta, NY 13820
Current Rent **
$10,000+
Projected Rent **
$10,000+
Little Red Schoolhouse Mobile Home Park for Sale - Oneonta, NY
Great opportunity for a premier 55+ community with 39 land leased homes. Homes on the property selling for the $130,000+ and has an excellent resident group. There is a great community center that is over 4,000 sq ft with a library and social center for the residents. There's also a 6 stall garage that could be rented out for storage. With a very nice stick built home that is rented out for a modest $750. The acreage on the property is 131 acres and has a ton of room for growth. Attached is a preliminary map for the expansion plans. With this property being in immaculate condition, it provides a wonderful platform to keep developing!
Mobile Homes sell in excess of $130k. Currently there is one home for sale at $155,000.https://www.propertyshark.com/homes/US/Home-For-Sale/NY/Laurens/516-County-Highway-11-21/106334569.html
Here is a previous listed home which has since sold:
https://www.nystatemls.com/property/Little_Red_Schoolhouse_Lot_28-Oneonta-NY-13820/10315092/
Link to offering:https://www.crexi.com/properties/590837/new-york-little-red-school-community
Little Red School Community
516 County Highway 11
Oneonta, NY 13820
Pet Policies
Pets Allowed: Yes
Pet Restrictions: Small dog only and indoor cats
Additional Details
Off-Street Parking
Clubhouse
Street Width: Wide
Street Type: Paved
Age Restrictions: Yes - 55 and over
Year Built: 1996
Number of Sites: 39
Multisection Homes: 100%
Homes w/ Peaked Roofs: 100%
Homes w/ Lap Siding: 100%
PROPERTY FACTS
Price $1,295,000 Lot Size 30.00 AC
Sale Type Investment Building Size 3,690 SF
Cap Rate 6.28% Average Occupancy 100%
Property Type Multifamily No. Stories 1
Property Subtype Manufactured Housing/Mobile Home Year Built 1996
Building Class B Opportunity Zone No
Steve Tomaso
IRE Investment - Saratoga Springs, NY
432 Broadway Suite 25
Saratoga Springs, NY 12866
518-879-2268
Location:
516 county highway 11, oneonta, NY 13820
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** Current rent and projected rent are provided by the lister.
† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.
‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.
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