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Palermo, NY Mobile Home for Sale

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    $625,000

    42 Island Rd, Phoenix, NY 13135

    JUST LISTED: A Once-in-a-Lifetime Investment Opportunity Near the New Micron Mega-Site! If you've been waiting for the perfect cash-flowing investment in Upstate NY... this is it. Evergreen Estates - 42 Island Rd, Phoenix, NY Price: $625,000 100% Occupied | 6 Tenant-Owned Homes | 5 Rent to own Homes | Expansion Potential to Double the Park Size 10.29% Cap Rate | $64,331 NOI | 17.21% Cash-on-Cash

    Jonathan Gardner IRE INVESTMENTS

    42 Island Rd, Phoenix, NY 13135

Why Live in Palermo

Palermo, NY, is a small town in Oswego County known for its quiet, rural atmosphere. The town is characterized by forests and crop fields, with most homes set at the end of long driveways, offering privacy and seclusion. Home styles include Colonial Revivals, Nationals, ranch-style homes, and some manufactured homes, typically situated on properties ranging from half an acre to 7 acres. Palermo lacks a central town area, featuring only a Dollar General and a gas station, but it is conveniently located near larger towns like Fulton and Oswego, both about 20 minutes away, and Mexico, just 10 minutes away. Local amenities include Palermo Town Park, which has a football field, baseball diamond, tennis courts, a walking trail, and a mini golf course. The Emerald Crest Golf Course offers an 18-hole green for public use. Dining options are limited but include DJ’s Restaurant and The Driveway Inn, while Red Schoolhouse Maple provides homemade maple syrup. For education, most students attend the highly rated Mexico High School, which offers career and technical education courses. Palermo is accessible via New York Route 3, with Centro buses providing transportation to nearby towns. Annual events at Palermo Community Church and the Halloween-themed Frightmare Farms Haunted Scream Park add to the community's local charm.

Home Trends in Palermo, NY

Housing Trends

Median Single Family Sale Price
$225,000
Number of Homes for Sale
1
Last 12 months Home Sales
0
Median List Price
$225,000
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