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Potsdam Inn 7518 US Hwy 11 16 Room Hotel Potsdam, NY 13676 $1,308,605 CAD ($81,788 CAD/Room) 11% Cap Rate
INVESTMENT HIGHLIGHTS
- Walking distance to Walmart , Aldi.
- SUNY Potsdam approx 2 miles
- Clarkson university 1.2 Miles
EXECUTIVE SUMMARY
Managers Apartment includes 3 Bathroom, 4 Bedroom , Living Room, Kitchen , Dining Area, Laundry
Owner requires 40% down payment proof of fund statement to pursue the conversation.
Owner requires 40% down payment proof of fund statement to pursue the conversation.
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2022) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,308,605 CAD | Lot Size | 23.18 AC |
| Price Per Room | $81,788 CAD | Building Size | 7,363 SF |
| Sale Type | Investment | No. Rooms | 16 |
| Cap Rate | 11% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 1960 |
| Property Type | Hospitality | Parking Ratio | 2.99/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | 01 - This is 20 acres land and can be used to extend the building or lease the land for other business. | ||
| Price | $1,308,605 CAD |
| Price Per Room | $81,788 CAD |
| Sale Type | Investment |
| Cap Rate | 11% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 23.18 AC |
| Building Size | 7,363 SF |
| No. Rooms | 16 |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2.99/1,000 SF |
| Corridor | Exterior |
| Zoning | 01 - This is 20 acres land and can be used to extend the building or lease the land for other business. |
AMENITIES
- High Speed Internet Access
ABOUT 7518 US HWY 11 , POTSDAM, NY 13676
1. Great Owner/Operator based property. 2. Steady income and potential for growth 3. Growth opportunity for new ideas as there is a huge land . 4. Huge owner apartment and steady busisness.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 16 | $111.69 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 407489-064-003-0002-020-000-0000 | Total Assessment | $680,824 CAD (2024) |
| Land Assessment | $188,385 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $492,439 CAD (2024) | Tax Year | 2022 |
PROPERTY TAXES
Parcel Number
407489-064-003-0002-020-000-0000
Land Assessment
$188,385 CAD (2024)
Improvements Assessment
$492,439 CAD (2024)
Total Assessment
$680,824 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2022
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Potsdam Inn | 7518 US Hwy 11
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