2 bed / 2 bath manufactured home in Greenwood Village, a gated 55+ community in Manorville, NY. 1,164 SF, built 1984, vacant. In at $99,000 against a ~$245,000 renovated ARV.
THE NUMBERS
Asking: $99,000
Est. ARV: ~$245,000 (top recent community sale: 23 Limetree Dr, $250,000, April 2026)
Est. rehab: up to $45,000 (light)
Best exit: renovate and resell to a 55+ owner-occupant
COMMUNITY & OWNERSHIP
99-year land lease: you buy the home, not the land
Monthly community fee averages ~$1,700 (land lease, maintenance, snow removal, clubhouse, pool, fitness center); exact unit fee being confirmed with management
Age-restricted 55+. Board approval and the 55+ requirement apply to the end buyer who will live there; investors may buy and renovate