3 bldg - 6 units - Short Term Rental

Description:

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: 14% - 15% 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.