8900 Rte. 414 - Apartments FOR SALE


Lodi, NY 14860
$1,200,000 USD
585-333-6361
8900 Rte. 414, Lodi, NY for Sale
$1,200,000 USD
Apartments - FOR SALE
1/34
null | 15.5% Cap Rate

8900 Rte. 414
Lodi, NY 14860


HIGHLIGHTS

  • Proximity to the wine trails and all the Finger Lakes has to offer.

OVERVIEW

Boutique Motel Investment Opportunity in the Heart of the Finger Lakes Discover a unique opportunity to own a gorgeous and profitable boutique motel in one of New York's most sought-after destinations! Nestled on 7 acres along the Seneca Lake Wine Trail, this turnkey property is perfectly positioned for success, offering breathtaking scenery, unbeatable location, and incredible income potential. Property Features: Six Modern Units: Three stylish duplex homes with five short-term rentals (STR) and one long-term rental (LTR). The tenant in the LTR will be moving out next month, opening up even more flexibility for STR conversions. Exceptional Income Potential: STR Cap Rate: 15.5% LTR Cap Rate: 5.4% Proven rental history of $209K YTD gross revenue (2024), with the potential to hit $270K annually when fully optimized as STRs. Average gross revenue per unit: $45K including cleaning fees ($38K - $40K excluding cleaning fees). Why This Property Stands Out: Prime Location: Situated on the famous Seneca Lake Wine Trail, your guests will enjoy convenient access to wineries, breweries, and attractions that draw visitors year-round. 7 Acres with Buildable Land: Approximately 4 acres of cleared, buildable land for expansion opportunities. Established & Profitable: Two years of rental history with glowing reviews (4.98 rating from over 200 reviews in the last 12 months). Turnkey Operation: Fully furnished units with a direct booking website already in place: FLXHideout.com. Outstanding Management Track Record: Managed successfully both independently and with Vibe Short Term Rental Management. Asking: $1.2M Please note - the pictures included only display one of the six units. Please visit FLXHideout.com to see more pictures. in depth financials are available upon request, just call Josh (585) 333-6361 ??

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

15.5%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7 AC

LAND SF

304,920 SF

ZONING

R-1

APN/PARCEL ID

452601 03-1-65,452601 03-1-66.1,452601-003-000-0001-064-000-0000

ASK ABOUT THIS PROPERTY

Joshua BrinerKeller Williams Realty GatewayMore Info
585-333-6361

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Joshua BrinerKeller Williams Realty GatewayMore Info
585-333-6361

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.