984 Waterloo Geneva Rd - Bring your Hammer....and Fishing Pole!
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984 Waterloo Geneva Rd - Bring your Hammer....and Fishing Pole!
1,000 SF Specialty Building Offered at $561,690 CAD in Waterloo, NY 13165
Investment Highlights
- Waterfront on Canal; Minutes to Seneca Lake and downtown Geneva Waterfront Park
- 5 Log Cabins in partial shell condition; Sewer, Water, Electric, Internet at each cabin.
- Will finance qualified buyer - Possible Joint Venture - Submit your ideas
- First Year Land Lease $1.00 + Utilities/CAM; Negotiable thereafter
- Will consider a sale or trade of the 5 Cabins as a group only
- Seasonal Park - Operates 9 Months a year
Executive Summary
One of a kind opportunity! 5 log cabins undergoing a major rehab. Finish the interior to your own design! Seasonal Vacation Rental. Use as a family vacation compound, rent them seasonally yourself, or consign them to a rental program. These cabins will be the first of 12 units total envisioned as a "Fisherman's Village" in Phase 1 of an under renovation RV Park. Phase 2 is in planning for up to 50 RV/Park Models all used as a vacation rental/seasonal use April 15 thru January 15 (9 mos).
Financial Summary (Pro forma - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$388,739
|
$388.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$194,636
|
$194.64
|
| Effective Gross Income |
$194,103
|
$194.10
|
| Taxes |
$4,977
|
$4.98
|
| Operating Expenses |
$153,576
|
$153.58
|
| Total Expenses |
$158,553
|
$158.55
|
| Net Operating Income |
$35,550
|
$35.55
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $388,739 |
| Annual Per SF | $388.74 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $194,636 |
| Annual Per SF | $194.64 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $194,103 |
| Annual Per SF | $194.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $4,977 |
| Annual Per SF | $4.98 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $153,576 |
| Annual Per SF | $153.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $158,553 |
| Annual Per SF | $158.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,550 |
| Annual Per SF | $35.55 |
Property Facts
Amenities
- Waterfront
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PROPERTY TAXES
| Parcel Number | 453889-021-000-0002-031-002-0000 | Total Assessment | $232,049 CAD (2023) |
| Land Assessment | $76,789 CAD (2023) | Annual Taxes | $4,977 CAD ($4.98 CAD/SF) |
| Improvements Assessment | $155,260 CAD (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
453889-021-000-0002-031-002-0000
Land Assessment
$76,789 CAD (2023)
Improvements Assessment
$155,260 CAD (2023)
Total Assessment
$232,049 CAD (2023)
Annual Taxes
$4,977 CAD ($4.98 CAD/SF)
Tax Year
2024
zoning
| Zoning Code | Commercial (Hard Zoned Commercial - Uses by permit) |
| Commercial (Hard Zoned Commercial - Uses by permit) |
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Valley Financial Investment Corp
984 Waterloo Geneva Rd - Bring your Hammer....and Fishing Pole!
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