468 Salt Rd, Webster, NY 14580

Description

Very unique investment property located on the Webster Golf Club featuring a 4 family consisting of Four 1 bedroom units, an 11,000 sf 3 story barn and possibility of subdividing off a half acre building lot. Barn use is on a variance. This property backs up to the Webster Golf Club. This has been in the same family ownership for over 100 yrs. The 4-Family includes 2 apartments on the 1st floor and 2 on the second floor. 2 are larger units and 2 are smaller units. Rents include all utilities and property maintenance. The largest one is on the 2nd floor and includes a deck overlooking the golf course and its own washer & dryer. Plenty of parking is available. All units are in move- in ready condition.
The Barn is 3 stories and in excellent condition. The lower-level space comprises of a shop area with storage and connected to a wood framed and steel storage building all with overhead doors and sliding doors. The main floor of the barn has an 1120 sf heated and air-conditioned office. There is a private office, reception room, a workroom, a kitchenette and a full bathroom. The remaining 1st floor is storage with an overhead door. The huge loft is also used for storage. The exterior has been recently painted and a full new tear-off roof with all new sheathing was done last year. There is also a loading platform for tractor trailer deliveries.

Investment Considerations
Strengths:

Rare combination of residential + commercial/flex space + land
Long family ownership suggests stable, well-maintained asset
Recent roof and exterior work = deferred maintenance largely addressed
Golf course adjacency adds scarcity value
All units rent-ready with utilities included (simple landlord experience)