Furnished Lakeside Short-Term Rental
For Sale
$99,900
23-11609 State Route 3, Adams, NY 13605
A 2-bedroom retreat with a screened porch, private dock access, and resort amenities for seasonal or vacation use.
Property Size400 SF
Price / SF$249.75
Days on Market70
Property Features for 23-11609 State Route 3
General Information
Standard status
Active
Size
400 SF
Property subtype
Land
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3
Amenities
screened front porch
private docks
clubhouse
on-site laundry facilities
Building Details
Buildings
1
Listing Agency:
Lake Ontario Realty, LLC
(315) 649-3434
Listed By:
Kiah Sugrue · License #10401293311
(315) 408-5277
Source:
Exprealty
Added: Jul 28
Changed: Sep 8
Last Checked: Oct 4 at 1:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lake Ontario Realty, LLC
Investment Insights
Based on property information with market context.
This brand-new, fully furnished 400 SF mobile cottage offers a two-bedroom, one-bath layout with an open living and kitchen area. Interior features include granite countertops, stainless steel appliances, white cabinetry, and mini-split systems providing heating and air conditioning. A screened front porch extends the living space toward Henderson Bay on Lake Ontario.
The property is located within an RV resort community with private dock access, a clubhouse, and on-site laundry facilities. Public water, septic, and trash services are included for the 2027 season. A rental pool option is available when the cottage is not in personal use, supporting both seasonal occupancy and vacation-retreat use.
The property is located within an RV resort community with private dock access, a clubhouse, and on-site laundry facilities. Public water, septic, and trash services are included for the 2027 season. A rental pool option is available when the cottage is not in personal use, supporting both seasonal occupancy and vacation-retreat use.
Key Highlights
- Brand‑new 400 SF mobile cottage with 2 bedrooms and 1 bathroom
- Fully furnished interior with granite countertops and stainless steel appliances
- Mini‑split systems provide both heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,946
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$58,920
$58.9K
Cap Rate 7%
$42,086
$42.1K
Cap Rate 9%
$32,733
$32.7K
Market Conditions
NOI Build-Up for 400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$5.8K $14.40/SF
− Vacancy
−$403 −$1.01/SF
EGI
$5.4K $13.39/SF
− OpEx
−$2.4K −$6.03/SF
NOI
$2.9K $7.37/SF
Area
Jefferson County, NY
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$58,920
Cap Rate 7%
$42,086
Cap Rate 9%
$32,733
Alternative Uses
Best Use
Apartment 5plus
$42.1K
$36.8K – $49.1K
NOI $2,946 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$110.3K
$96.5K – $128.6K
NOI $7,718 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 13605, NY
4,517
Population
2,497
Households
1.8
Avg Household Size
41
Median Age
22%
College-Educated
91%
High-School Grad
78.0 sq mi
ZIP Area
58
Density / Sq Mi
$70,947
Median Household Income
$40,592
Median Earnings
$744
Median Rent
$188,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - A 2-bedroom retreat with a screened porch, private dock access, and resort amenities for seasonal or vacation use.
Where is this short term rental property located?
The property is located at 23-11609 State Route 3 Adams, NY.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: Brand‑new 400 SF mobile cottage with 2 bedrooms and 1 bathroom; Fully furnished interior with granite countertops and stainless steel appliances; Mini‑split systems provide both heating and air conditioning
