19 Water ST, Cortland, NY 13045
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19 Water ST, Cortland, NY 13045
19 Water ST, Cortland, NY 13045
19 Water ST, Cortland, NY 13045
19 Water ST, Cortland, NY 13045
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Michelle Thompson

Michelle Thompson

+1(315) 794-3260
$ 314,900
Est. payment /mo
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19 Water ST Cortland, NY 13045

9 Beds

3 Baths

2,370 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $132

MLS Listing ID S1679899

Bedrooms 9

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1880

Annual Tax Amount $8,199

Lot Size 4,944 Sqft

Acres 0.1135

Lot Dimensions 57X86

Property Sub-Type Multi Family

Property Description

This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.

Location

State NY

County Cortland

Area Cortland-110200

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Tile, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Attic/Crawl Hatchway(s) Insulated,Vinyl Siding

Construction Status Existing

Schools

School District Cortland

Others

Senior Community No

Tax ID 110200-086-080-0002-044-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1679899

Listed by The Real Estate Agency

NEARBY SCHOOLS & PROPERTIES

Michelle Thompson

Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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