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26 Lincoln Avenue

Cortland NY 13045

10
4
3385 sq. ft.
8546 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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!

Features

10 bedrooms
4 bathrooms
3385 sq. ft. floor area
8546 sq. ft. lot size
Multi-Family

Property history for 26 Lincoln Avenue

2021
Sold
$255,000
25 Mar 2021

Happy sellers in Cortland

85%
85% of sellers in Cortland reported that their sale price either exceeded or met their price expectations.

Cortland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Cortland over the last 12 months.

Local market activity for 10 bedroom multi families in Cortland

In the last 12 months, 1 numeral.10-bedroom multi family similar to 26 Lincoln Avenue, have been sold.

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