5319 & 5315 Bassett rd - Apartments FOR SALE


Hector, NY 14841
$775,000 USD
607-703-0111
5319 & 5315 Bassett rd, Hector, NY for Sale
$775,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

5319 & 5315 Bassett rd
Hector, NY 14841


HIGHLIGHTS

  • New construction 2022–23 — minimal deferred maintenance, modern systems
  • STR conversion potential
  • Stocked pond on 2.56 wooded acres — operational flexibility with 4 detached buildings
  • Minutes from Seneca Lake Wine Trail, Watkins Glen State Park & Finger Lakes National Forest

OVERVIEW

Single parcel containing four units across two buildings — 5315 A&B and 5319 A&B. All four units are currently occupied. Three of four tenants are month-to-month; one lease is through February 2027. New construction 2022–23 — minimal deferred maintenance. STR conversion permitted in the Town of Hector, a strong short-term rental demand corridor. Offering Memorandum with full pro forma available upon request. Contact the listing broker directly.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$323 USD /SF

# OF UNITS

4

PRICE/UNIT

$193,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wine Country Cottages at Bassett Road

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

PARKING SPACES

6

LAND DETAILS

LAND ACRES

13.91 AC

LAND SF

605,878 SF

ZONING

Rural Residential

APN/PARCEL ID

442689 12.00-3-21

ASK ABOUT THIS PROPERTY

Jason ScarbroughWarren Real Estate of IthacaMore Info
607-703-0111

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Jason ScarbroughWarren Real Estate of IthacaMore Info
607-703-0111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.