Mobile Home Park

Little Red Schoolhouse MHP

Oneonta, NY 13820

$1,270,000

40

Beds

39

Baths

0

Sq.Ft

Little Red Schoolhouse

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.

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Property Details

Property Type

Mobile Home Park

Property Role

General Partner

Property Status

Sold

Total Buildings

40

Number Of Units

39

Square Feet

0

Year Built

1996

Purchase Price

$1,000,000

Total Sale Price

$1,270,000

Gross Profit

$170,000

Purchase Date

Dec 30, 2019

Sale Date

September 21, 2021

IRR

27.6%
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