520 Bone Pln Rd, Freeville, NY 13068-5750
This exceptional investment opportunity presents a fully rented 4-unit mobile home park situated on a spacious 5.72-acre lot in Freeville, New York. The property boasts a prime location offering easy access to Ithaca and the picturesque Finger Lakes region, ensuring consistent tenant demand. Currently generating strong rental income, this park provides a solid foundation for immediate returns. The existing infrastructure supports four units, however, the expansive lot allows for significant expansion, with the potential to accommodate up to seven units. This presents a unique opportunity to increase revenue and maximize the property's investment potential. The park offers tenants a tranquil and affordable living environment, complemented by its proximity to local amenities, schools, and employment centers. The property is well-maintained and ready for immediate ownership, making it an ideal investment for both seasoned investors and those seeking a stable, high-growth asset in a desirable location. The combination of existing income, expansion potential, and prime location makes this a truly compelling investment opportunity in a thriving New York market. This turnkey operation requires minimal management and offers a significant return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.