446 Maples Rd - Hospitality FOR SALE


Milford, NY 13807
$3,500,000 USD
446 Maples Rd, Milford, NY for Sale
$3,500,000 USD
Hospitality - FOR SALE
1/48
null | 8.23% Cap Rate

446 Maples Rd
Milford, NY 13807


HIGHLIGHTS

  • Four (4) Chalet style cabins each with 2 Bedrooms and 2 Baths;
  • Two (2) Houses each with 3 Bedrooms and 2 Baths;
  • Three (3) Log cabin Park Model RVs each with 2 Bedrooms and 1 Bath;
  • Two (2) units in a Modular home with 3 Bedrooms and 2 Baths in the upper unit and 2 Bedrooms and 1 Bath in the lower unit.
  • A 140 sq. ft. office shed with a deck.
  • Two (2) utility sheds with laundry machines

OVERVIEW

Cooperstown, NY investment opportunity - Highly successful STR vacation, mid-term and long-term rentals on 12 acres in the home of the National Baseball Hall of Fame, Dreams Park youth baseball tournaments and Ommegang Brewery. Only 3 and ½ hours drive from New York City, Double Play Cabins are popular with baseball, brewery and nature enthusiasts. Modern houses and cabins (11 rental units) built or renovated since 2017. Expansion approval in place for 6 additional cabins (11 additional units). Proven $400K annual rent, high percentage NOI and occupancy rates. No STR rental restrictions. 5-Star reviews on Google and Airbnb. All units were built or renovated in 2017 or later and have modern amenities. Buildings and infrastructure are maintained in excellent condition. Four (4) Chalet style cabins each with 2 Bedrooms and 2 Baths; Two (2) Houses each with 3 Bedrooms and 2 Baths; Three (3) Log cabin Park Model RVs each with 2 Bedrooms and 1 Bath; Two (2) units in a Modular home with 3 Bedrooms and 2 Baths in the upper unit and 2 Bedrooms and 1 Bath in the lower unit. Other Buildings: A 140 sq. ft. office shed with a deck. Two (2) utility sheds with laundry machines A small rustic equipment storage shed Infrastructure: Water is provided by 3 wells (2 main and 1 back up). Multiple septic systems with tanks and leach fields. Electricity is provided by NYSEG. High Speed Internet service is via 1 Gigabit fiber. Amenities include fire pits, swing set, basketball hoop Acreage and Landscape: All units are set on two adjoining 6-acre lots (totaling12 acres) with grassy fields, gentle slopes and wooded areas of hardwood and evergreen trees. The property has two entrances from Maples Road and an interior gravel road for driving to each unit. The distant hills are visible from high points on the property. The property is technically in the Town of Hartwick, with no short-term rental restrictions or regulations.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$348 USD /SF

# OF ROOMS

11

PRICE/ROOM

$318,182 {currency}

CAP RATE

8.23%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Double Play Cabins

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2017

PARKING SPACES

32

LAND DETAILS

LAND ACRES

13 AC

LAND SF

566,280 SF

ZONING

Residential/Multi Use

APN/PARCEL ID

363200-161-000-0001-006-023-0000,363200-161-000-0001-006-221-0000

ASK ABOUT THIS PROPERTY

Jack YaoRealMart RealtyMore Info

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