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Wine Country Cottages at Bassett Road 5319 & 5315 Bassett rd 4 Unit Apartment Building $699,900 ($174,975/Unit) Hector, NY 14841
Investment Highlights
- New construction 2022–23 — minimal deferred maintenance, modern systems
- Stocked pond on 2.56 wooded acres — operational flexibility with 4 detached buildings
- STR conversion potential
- Minutes from Seneca Lake Wine Trail, Watkins Glen State Park & Finger Lakes National Forest
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$55,800
|
$23.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$55,800
|
$23.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
$17,539
|
$7.31
|
| Total Expenses |
$17,539
|
$7.31
|
| Net Operating Income |
$38,261
|
$15.94
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $23.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $55,800 |
| Annual Per SF | $23.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $17,539 |
| Annual Per SF | $7.31 |
| Total Expenses | |
|---|---|
| Annual | $17,539 |
| Annual Per SF | $7.31 |
| Net Operating Income | |
|---|---|
| Annual | $38,261 |
| Annual Per SF | $15.94 |
Property Facts
| Price | $699,900 | Lot Size | 13.91 AC |
| Price Per Unit | $174,975 | Building Size | 2,400 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 1.5/1,000 SF |
| Building Class | C | ||
| Zoning | Rural Residential - Town of Hector, Schuyler County. Short-term rental use permitted. | ||
| Price | $699,900 |
| Price Per Unit | $174,975 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 13.91 AC |
| Building Size | 2,400 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 1.5/1,000 SF |
| Zoning | Rural Residential - Town of Hector, Schuyler County. Short-term rental use permitted. |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Eat-in Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Island Kitchen
- Lawn
- Loft Layout
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $1,000 | 500 |
| 1+1 | 1 | $1,200 | 500 |
| 1+1 | 1 | $1,550 | 700 |
| 1+1 | 1 | $900.00 | 700 |
1 1
Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 442689 12.00-3-21 | Total Assessment | $601,000 |
| Land Assessment | $93,400 | Annual Taxes | $0 ($0.00/SF) |
| Improvements Assessment | $507,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
442689 12.00-3-21
Land Assessment
$93,400
Improvements Assessment
$507,600
Total Assessment
$601,000
Annual Taxes
$0 ($0.00/SF)
Tax Year
2025
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Wine Country Cottages at Bassett Road | 5319 & 5315 Bassett rd
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