Amazing opportunity to own and invest in a 22 mini storage unit facility, plus office space to operate. Also included are 5 year-round cabins (tiny homes) completely rented, plus 10 RV park and campground lots all on public water and public sewer. Situated on 1.54 acres, with 133 feet of water frontage on Cayuga-Seneca Canal as well as a dock for multiple boats.
--Size of cabins - 12 x 20
--size on storage units - 21 of the units are 5' x 13' and 1 is 8' x 13'
--size of RV spaces - each pad can hold roughly a 35 to 40 foot RV
--What type of hook ups at the sites (sewer, electric?) Water, sewer and electric on each pad
--Is there a dump station- trash dumpster on Site
-- Is there a public bathroom - there are 2 showers with toilets and sinks.
-- 4 of the Cabins are rented for $750 and 1 is rented for $650.
--What is 11% cap rate mean? Net Operating Income divided by the Sales Price
--Why is asking price almost double assessed value - The owners had an appraisal done 2013 and the value came back at $325,000.00