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!
3,385 Sq Ft
0.1962 Acres privados Tamaño del lote
multifamiliar
USD 975 Impuesto mensual
Creado en 1920
MLS/ID del anuncio S1683352
2 Historias
3 Unidades
Bloque
Stone
Alfombra
Azulejo cerámico
Laminado
Cooling - Window Units
Construction - Shake Siding
Style - Triplex
Calentador de agua a gas
Public Water
Agua
Community Sewer
Shingle
Goma
Membrana
Piso
Abrir
Heating - Gas
Heating - Forced Air
HVAC
Lot - Rectangular Lot
Lot - Near Public Transit
Parking - Paved
Porche
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