Property Listing No Longer Available for Sale

984 Waterloo Geneva Road, Waterloo, NY

Retail for Sale - $350,000 - 2,426 Sq. Ft. on 1.54 acres


Property Info

CIMLS#1071530
Location
  984 Waterloo Geneva Road
  Waterloo NY 13165
UpdatedDecember 27th, 2020
TypeRetail
Price$350,000
Building2,426 Sq. Ft.
Land1.54 acres

Property Description

Amazing opportunity to own and invest in a 22 mini storage unit facility, plus office space to operate, Also included are 5 year round cabins (tiny homes) completely rented, plus 10 RV park and campground lots all on public water and public sewer. Situated on 1.54 acres, with 143 feet of water frontage on Cayuga-Seneca Canal as well as a dock for multiple boats. --Size of cabins - 12 x 20 --size on storage units - 21 of the units are 5 x 13 and 1 is 8 x 13 --size of RV spaces - each pad can hold roughly a 35 to 40 foot RV --What type of hook ups at the sites (sewer, electric?) Water, sewer and electric on each pad --Is there a dump station- trash dumpster on Site -- Is there a public bathroom - there are 2 showers with toilets and sinks. -- 4 of the Cabins are rented for $750 and 1 is rented for $650. --What is 11% cap rate mean? Net Operating Income divided by the Sales Price --Why is asking price almost double assessed value - The owners had an appraisal done 2013 and the value came back at $325,000.00


Financials


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