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 Acri privati Dimensione del lotto
multifamily
975 USD Imposta mensile
Costruito in 1920
MLS/ID annuncio S1683352
2 Storie
3 Unità
Blocco
Stone
Tappeto
Piastrelle in ceramica
Laminato
Cooling - Window Units
Construction - Shake Siding
Style - Triplex
Scaldabagno a gas
Public Water
Acqua
Community Sewer
Shingle
Gomma
Membrana
Appartamento
Apri
Heating - Gas
Heating - Forced Air
HVAC
Lot - Rectangular Lot
Lot - Near Public Transit
Parking - Paved
Portico
COSTO MENSILE TOTALE
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