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 $40,442.00 includes vacancy allowance. Self managed at a 12.4% cap rate. Potential for higher income with increase in rents. Students have easy walkable access to the Suny Cortland and downtown area. Owner has recently install a new lower roof, new furnace, 2 hot water heaters and a combo laundry unit. Investors reach out to listing person directly to save more dollars!
3,385 Sq Ft
0.1962 Privé-hectaren Partijgrootte
multifamily
US$ 975 Maandelijkse belasting
Ingebouwd 1920
MLS/Listing ID S1683352
2 Verhalen
3 Eenheden
Blok
Stone
Tapijt
Keramische tegel
Laminaat
Cooling - Window Units
Construction - Shake Siding
Style - Triplex
Gasboiler
Public Water
Water
Community Sewer
Shingle
Rubber
Membraan
Flat
Open
Heating - Gas
Heating - Forced Air
HVAC
Lot - Rectangular Lot
Lot - Near Public Transit
Parking - Paved
Porch
TOTALE MAANDELIJKSE KOSTEN
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