BEDS10
BATHS4 full
SQUARE FEET3,385
MLS#S1683352
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCortland
Property Description
Established 10 Bed Student housing in Cortland, NY. Issued City of Cortland rental permit. Fully furnished and occupied for the 26-27 season with summer rental income included. Gross Income $66275.00 Expenses $25833.00= Net income $40,442.00 includes vacancy allowance. Self managed at a 12.4% cap rate. Potential for higher income with increase in rents. Students have easy walkable access to the Suny Cortland and downtown area. Owner has recently install a new lower roof, new furnace, 2 hot water heaters and a combo laundry unit. Investors reach out to listing person directly to save more dollars!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Window Unit(s)
Fireplaces: 1
Heating: Gas, Forced Air
Home Style: Triplex
Lot Size: 0.20 Acres
Roof Type: Asphalt, Flat, Membrane, Rubber, Shingle
Stories: 2.0
Taxes: $11,696
Year Built: 1920
Amenities
Other
See Remarks
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 6
Exterior: Shake Siding
Flooring: Carpet, Ceramic Tile, Laminate, Varies
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 65X129
Parcel#: 110200-086-050-0001-024-000-0000
Parking: Paved
Parking Notes: Paved
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
High School: Cortland Junior-Senior High
Elementary School: Randall
School District: Cortland
Listed By / Shown By
Listing By
Agency Name: Realmart Realty LLC
Agency Phone: 888-362-6543
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 1,792.52 per month $723.09 Principal & Interest $974.67 Property Tax $94.76 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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26 Lincoln Avenue | MLS# S1683352
This multi-family property located at 26 Lincoln Avenue, Cortland, NY 13045 is currently listed for sale with an asking price of $324,900. Lincoln Avenue is located within the Cortland school district. Search Cortland real estate on www.coldwellbankerchoice.com today.