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Watkins Glen STR Portfolio
16 Door - 8 Building Short Term Rental Portfolio
Listing Contacts
See All (3)
License: FL FL SL3498721, NY NY 10401310111
License: NY 10301221985
Active
Asking Price:Unpriced
Earnest Money Deposit: 10% min.
Address (8 locations)
807 N Decatur St, Watkins Glen, NY 14891
Show on Map407 S Madison Ave, Watkins Glen, NY 14891
Show on Map602 Magee St, Watkins Glen, NY 14891
Show on Map405 S Madison Ave, Watkins Glen, NY 14891
Show on Map304 3rd St, Watkins Glen, NY 14891
Show on Map144 S Monroe St, Watkins Glen, NY 14891
Show on Map140 S Monroe St, Watkins Glen, NY 14891
Show on Map135 Old Corning Rd, Watkins Glen, NY 14891
Show on MapDate Added
Jan 30, 2025
Days on Market
81 days
Time Since Last Update
38 days
Details
Property TypeBusiness for Sale, Hospitality, Multifamily
SubtypeBusiness and Building, Single Family Rental Portfolio
Investment TypeStabilized
ClassB
Square Footage1,672 - 6,480
Units8
Keys16
Year Renovated2017-2018
Buildings8
Stories3
ZoningResidential / Multi-Family
Lot Size (sq ft)4,792 - 20,038
Broker Co-OpYes
OwnershipCorporate
Marketing Description
This short-term rental portfolio in Watkins Glen, NY, is at the base of Seneca Lake in the Finger Lake region. The portfolio comprises eight buildings totaling 16 doors and 27,000+ sqft of space. The property maintenance details are great for keeping current management or transitioning to a new management team. Watkins Glen's electric costs are lower than those of surrounding markets. All suites were updated between 2017 and 2018 and have fully equipped kitchens. Four properties share a private off-street parking lot for guests' convenience. Currently, the portfolio operates with a 2-night minimum stay. Major attractions in the area include the State Park, the Watkins Glen International Raceway, and the abundance of breweries and wineries.
Investment Highlights
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Portfolio with STR Permits in place
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Permits to transfer with Corp.
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Management and cleaning contracts in place
Established website and returning clients
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Central booking system for ease of reporting
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Units all have similar finishes and decor for easy maintenance
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3 Buildings potentially can have another unit added bringing total to 19 doors
Valuation Calculator
Valuation Calculator
Loan Amount
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Cap Rate
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ROI
Property History
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Due Diligence
Listing Contacts
See All (3)- License: FL FL SL3498721, NY NY 10401310111
- License: NY 10301221985
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Additional Information
Additional Information
Broker Name
Christopher McCarthy
Broker License
NY NY 10401310111
Brokerage Name
Keller Williams Realty Greater Rochester
Broker Title
RE Salesperson
Brokerage Address
2000 South Winton Road, Rochester, United States 14618
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