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6590 S Cayuga Lake Rd - Sned Acres Campground
3,692 SF Specialty Building Offered at $1,750,000 at a 11% Cap Rate in Ovid, NY 14521
Investment Highlights
- Waiting list of 75 for seasonal rental sites.
- Very strong repeat renters year after year.
- Rents 20-35% bellow market rents.
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
About 6590 S Cayuga Lake Rd , Ovid, NY 14521
Sned Acres offers a great investment opportunity for the discerning investor. Located right on the wine trail in the beautiful Finger Lakes. Sned Acres has been family run and owned for 19 years. Campers have enjoyed this camp and consistently returned year after year with their family and friends. Word of mouth is the only advertising and still, there is a waiting list of 75 people for seasonal camping sites. Demand is strong offering tremendous opportunity to grow. The owners are currently running 111 camping sites + tent sites and 7 cabins on approximately 57 acres. The immediate upside potential consists of raising rates, renting out the main house on the property to through Air B&B, and adding the 14 approved camping sites. These improvements can all be accomplished in year one and would tremendously increase overall value and gross revenue. There are additional opportunities which include; a second approved pool, along with a Recreational building with an apartment above. This is an ideal space for a full time on-site staff member to be housed, offsetting their salary requirements.
PROPERTY TAXES
| Parcel Number | 453089-021-000-0001-005-000-0000 | Total Assessment | $1,200 |
| Land Assessment | $1,200 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
zoning
| Zoning Code | residential (Residential) |
| residential (Residential) |
Presented by
6590 S Cayuga Lake Rd - Sned Acres Campground
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