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    21 Henry Cove Rd Oneonta, NY 13820

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    For Sale
    $1,149,000

    Multifamily property featuring tenant-owned and park-owned homes with income potential.

    Lot size:
    3.56 Acres

    Property Features for 21 Henry Cove Rd

    General Information

    Lot size
    3.56 Acres

    Source: IRE Investment Agent Steven J. Tomaso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Property with Income Potential

    The multi-family property at 805 South Side Drive includes 2 tenant-owned homes with a lot rent of $365, 4 stick-built units, and 15 park-owned homes. The stick-built units, each featuring 1 bed and 1 bath, currently have rents ranging from $715 to $930, with the potential to reach $900 each. The park-owned homes have undergone recent upgrades, including new pads and newer homes, as well as renovations to kitchens and bathrooms. Rent increases are underway, with one unit increasing from $650 to $1050, indicating a potential return on investment.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Otsego
    State
    New York
    Longitude
    -75.014872
    Latitude
    42.445026

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    FAQs

    What type of property is this?
    Mobile home & RV park - Multifamily property featuring tenant-owned and park-owned homes with income potential.
    Where is this mobile home & rv park located?
    The property is located at 21 Henry Cove Rd Oneonta, NY.
    What is the asking price?
    The asking price for this property is $1,149,000.
    What are key features of this property?
    This property features: - High ROI Potential: Rent increases underway, with one unit already jumping from $650 to $1050.; - Diverse Income Streams: Includes tenant-owned homes (lot rent), stick-built units, and park-owned homes.; - **Stick-Built Unit Income:** Four 1 bed/1 bath units with current rents ranging from $715 to $930, with potential to reach $900 each.
    (518) 379-0652
    Request Owner's contact information
    21 Henry Cove Rd Oneonta, NY 13820
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    Oneonta, NY 13820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21 Henry Cove Rd Oneonta, NY 13820
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