25 Prospect Ter

cortland, NY 13045

824.900 US$

  • 12 BR
    approx. 3,728 SF

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Rare 6-unit apartment investment in Cortland's SUNY rental belt. Built in 1979, this building is a full era newer than the converted 1870s-1930s stock that dominates local multifamily inventory - a meaningful advantage for maintenance, financing and per-unit positioning in a tight-credit tertiary market. Verified contract rent of $96,000 per year, including signed Fall-2026 leases, against verified operating expenses of $31,452 per year. Underwritten with a 5% vacancy factor the asset produces $59,748 of net operating income - a 7.24% capitalization rate at the $824,900 asking price, or roughly $221 per square foot. Six units and 3,728 square feet in one building on a 0.60-acre (26,098 SF) city parcel with a detached garage, off-street blacktop parking, covered walkway entries, vinyl siding and updated interiors. Twelve parking spaces on site. Consistent student and workforce tenant demand from SUNY Cortland and downtown employers, minutes from campus, downtown Cortland and I-81. Rent roll, verified income and expense detail, floor plans and a full valuation and advisory report available to qualified buyers on request. Do not disturb tenants - showings by appointment through the listing Broker

Chi tiết

3,728 Sq Ft

0.5991 Đất riêng Kích thước lô

đầu tư

577 US$ Thuế hàng tháng

Được tích hợp sẵn 1979

MLS/Mã danh sách S1702765

2 Câu chuyện

6 Căn hộ

Tiện ích & Tính năng

Cooling - Other

Construction - Vinyl Siding

Bình nước nóng

Public Water

Nước

Community Sewer

Shingle

Porch

Được bảo hiểm

Parking - No Garage

Bãi đỗ xe - Lối vào gara

Parking - Two Spaces

Lot - Wooded

Lot - Rectangular Lot

Heating - Other

Đã trang bị

Slab

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TỔNG CHI PHÍ HÀNG THÁNG

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  • GỐC VÀ LÃI

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  • THUẾ BẤT ĐỘNG SẢN

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  • Phí chung

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