UNDER CONTRACT Welcome to Cayuga House, a highly successful short term rental on the shores of Cayuga Lake in Seneca Falls, New York. *** 3 year average gross rental income of $167,509.74 *** This property features two self contained dwellings on opposing sides of an 87’ lake front plot. Both have been operating as short term rentals with tremendous income producing history with room to grow. We are located along the Cayuga Lake Wine Trail featuring over 130 wineries making our rental in demand 12 months of the year. The primary dwelling is a rebuilt 1930’s cottage, completed in 2019. We added a large addition to expand square footage from an original 300+/- to approximately 850. The cottage features 3 bedrooms and a full bath. Highlights include vaulted 12’ paneled ceilings, open concept kitchen and living, quartz counters atop IKEA cabinets, stainless appliances, laminate flooring, 16 foot sliding door to deck, all doors and windows, master with walkout to deck, forced air gas furnace, central air, water heater, all plumbing, electrical with upgraded 200 amp service, roof, vinyl siding, soffits, fascia, gutters, Schoolhouse light fixtures inside and out. A 12x24’ deck offers fantastic unobstructed views of the lake. 30’ of removable dock purchased in 2022. The second dwelling is a 1950s mobile home renovated in 2020. Updates include roof, tiled bathroom with pedestal sink and West Elm light fixture, IKEA kitchen with quartz counters and stainless gas stove. laminate flooring, deck built in 2018, removable dock sections at lake level purchased in 2021. The trailer is decorated with items found at local vintage shops and is a trip back to decades past. Both dwellings come fully furnished and ready to rent for 2024. Most furnishings by West Elm. Memory foam Tuft and Needle mattresses. Gross rent: 2020 - $135,861.50 2021 - $194,118.90 2022 - $171,847.62 2023 - $136,562.70 3 year average: $167,509.74 Monthly average: $13,959.15 Our family has had health concerns since 2022 and we feel we can’t give our most lucrative investment the time and attention it deserves moving forward. Please email Adam at adamvarga20@gmail.com with any questions or to schedule showings. We are happy to accommodate selling Realtors.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
