8900 Rte. 414
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8900 Rte. 414
6 Unit Apartment Building $1,200,000 ($200,000/Unit) 15.50% Cap Rate Lodi, NY 14860
Investment Highlights
- Proximity to the wine trails and all the Finger Lakes has to offer.
Executive Summary
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 ??
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 ??
Property Facts
| Price | $1,200,000 | Apartment Style | Townhome |
| Price Per Unit | $200,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 7.00 AC |
| Cap Rate | 15.50% | Building Size | 4,488 SF |
| No. Units | 6 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built/Renovated | 2020/2022 |
| Price | $1,200,000 |
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 15.50% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 7.00 AC |
| Building Size | 4,488 SF |
| Average Occupancy | 50% |
| No. Stories | 1 |
| Year Built/Renovated | 2020/2022 |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Microwave
- Storage Space
- Heating
- Ceiling Fans
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Yard
- Grill
- Breakfast Nook
- Coffee System
- Dining Room
- Family Room
- Freezer
- Garden
- Lawn
- Patio
- Smoke Free
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Picnic Area
- Furnished Units Available
- Grill
- Wheelchair Accessible
- Pet Play Area
- Smoke Free
- Trash Pickup - Curbside
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 750 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $126,000 | |
| Land Assessment | $34,500 | Total Assessment | $160,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$34,500
Improvements Assessment
$126,000
Total Assessment
$160,500
zoning
| Zoning Code | R-1 (Commercial) |
| R-1 (Commercial) |
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