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Investment opportunity in Waterville, NY! Located at 7373 State Route 20, this 8-unit motel offers an established income-producing property with a total of 2,112 square feet. The property features 8 fully furnished units, consisting of 4 studio apartments and 4 efficiency units, currently operating with mid-term leases. All utilities are included in the rent, and tenants enjoy complimentary on-site laundry facilities. Generating an annual gross income of approximately $110,400, this property offers an opportunity for investors seeking an established rental operation. Conveniently located near several major healthcare and educational institutions, including Community Memorial Hospital in Hamilton (12 miles), Wynn Hospital (19 miles), and Colgate University (12 miles), Hamilton College (13 miles), and SUNY Morrisville (14 miles). Crouse Hospital and St. Joseph's Hospital in Syracuse are both approximately 45 miles away. A unique opportunity to own an established multi-unit lodging property in Central New York with convenient access to surrounding communities, colleges, and healthcare facilities.

DAYS ON MARKET 3 LAST UPDATED 11/2/2026
YEAR BUILT 1950 COMMUNITY Sangerfield-305489
COUNTY Oneida STATUS Active
PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AREA Sangerfield-305489
CONSTRUCTION Block
HEAT Baseboard, Electric
HOA DUES Apartment
LOT 0.73 acre(s)
LOT DESCRIPTION Irregular Lot
LOT DIMENSIONS 64X57
SEWER Septic Tank
STORIES 1
TAXES 7275
UTILITIES Electricity Connected
ZONING Other - See Remarks
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by: Connor Schwartz, The O'Hara Group
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