3783 Route 32 Route, Saugerties, NY

About 3783 Route 32 Route

Best investment in the Hudson Valley! This thriving mixed use property sits on 10.3 acres, located in the serene Catskill Mountains. Multiple parcels (3 in total), Multiple Income streams and open year-round! Modern RV/Campground/cabins, vacation rentals and all of today's amenities to enjoy year-round fun. Some amenities include the new pool, playground, 2 large bathhouses, 2 apartment buildings with a fully stocked camping store/office, laundry building, 2 barns, game room/rec hall/snack bar, repair garage as well as other buildings. There are 24 full hook up sites with 20, 30 and 50 amps, water and septic. Additional 2 sites have water and electric for self-contained campers. There are 20 tent sites and 2 larger tent sites for extended groups. The property contains nearly 300 feet of heated water lines to allow for year-round use for hardy campers to enjoy. Excellent, new wi-fi system installed and available throughout the entire grounds. The 5 camping cabins provide an additional level of comfort. The property has 5 beautifully renovated mobile homes, which are currently leased, year-round. There is coin laundry that attributes to the cash influx, as well as a propane filling station. Additional RV and Boat storage rental that average 10 spots yearly. A new pavilion with electric serves as a 3-season theater for movie night, bingo night, festivals, and a multitude of various events throughout the year. The automatic computerized billing system allows for ease of operation for the entire complex as well as easy online reservations for guests and all facets of the business. The entire electrical system has been updated with new transformers and separate metering for each space. The property’s gated entry access is computerized. The 11 security cameras can zoom in and are high definition, easily accessible anywhere. This property is in pristine condition. Currently producing at an almost 9% Cap rate includes housing for onsite management occupying 2 of the rental units. If managed off site cap rate increases to a current 10% and pro forma cap rate will be 13.5%. Turn-key and ready to go…with current reservations in place for current season through May of 2024 as well as a wait list! Plenty of room to expand! Don’t miss this amazing $$$ making opportunity!!

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