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Hillside Acres Graduate Drive 199 Unit Mobile Home Park $16,928,400 CAD ($85,067 CAD/Unit) Ithaca, NY 14850
Investment Highlights
- Located just 1.5 miles from Cornell University, ensuring consistent housing demand from students, faculty, and staff.
- Predominantly tenant-owned homes reduce management responsibilities and capital expenditure requirements.
- Close proximity to academic, cultural, and recreational amenities, as well as shopping, dining, and public transit.
- Offers 199 spaces with access to full public utilities, providing operational ease and stability.
- Positioned within a dynamic local market characterized by stable employment and strong educational influence.
- Attractive investment fundamentals with long-term appreciation potential in a supply-constrained housing environment.
Executive Summary
Presenting you an institutional grade investment opportunity, that checks all the boxes. This property boasts 199 units, with all public utilities. This investment offers a stable, low-maintenance income stream with majority Tenant Owned Homes, reducing operational complexity. Are you looking to bring your portfolio to the next level?
Call us today to discuss.
Located a mile and a half from Cornell University, this property offers an unbeatable location in the heart of Ithaca, NY. With immediate access to one of the nation’s top Ivy League institutions, the area benefits from a strong and consistent demand for housing, driven by students, faculty, and university staff. The surrounding neighborhood is vibrant, featuring a mix of academic, cultural, and recreational amenities, as well as dining, shopping, and public transportation options. This prime location ensures high occupancy rates and long-term investment stability, making it an ideal opportunity for investors seeking strong rental demand and steady appreciation potential.
Call us today to discuss.
Located a mile and a half from Cornell University, this property offers an unbeatable location in the heart of Ithaca, NY. With immediate access to one of the nation’s top Ivy League institutions, the area benefits from a strong and consistent demand for housing, driven by students, faculty, and university staff. The surrounding neighborhood is vibrant, featuring a mix of academic, cultural, and recreational amenities, as well as dining, shopping, and public transportation options. This prime location ensures high occupancy rates and long-term investment stability, making it an ideal opportunity for investors seeking strong rental demand and steady appreciation potential.
Property Facts Under Contract
| Price | $16,928,400 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $85,067 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 46.08 AC |
| No. Units | 199 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $16,928,400 CAD |
| Price Per Unit | $85,067 CAD |
| Sale Type | Investment |
| No. Units | 199 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 46.08 AC |
| No. Stories | 1 |
| Year Built | 1970 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 502489-056-000-0005-004-000-0016 | Improvements Assessment | $21,160 CAD |
| Land Assessment | $1 CAD | Total Assessment | $21,161 CAD |
Property Taxes
Parcel Number
502489-056-000-0005-004-000-0016
Land Assessment
$1 CAD
Improvements Assessment
$21,160 CAD
Total Assessment
$21,161 CAD
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Hillside Acres | Graduate Drive
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