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Chary Griffin
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(315) 218-1480
Direct Office:
(315) 382-1721
chary@
charygriffin.com
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FOR SALE
$314,900

19 Water Street
Cortland, NY 13045

Multi-Family
Residence
9
Beds
3
Baths
2,370
Sqft
0.1135
Lot Size
Courtesy: Matthew Chalanick - The Real Estate Agency
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.
S1679899
Multi-Family, 2 Story
9
Cortland
3 Full
1880
0.1135 Acres
Public Water
2
Attic/Crawl Hatchway(s) Insulated, Vinyl Siding
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Data Provided by Onboard

Estimated Payment:

Principle & Interest
Taxes
Insurance
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Courtesy: Matthew Chalanick - The Real Estate Agency
Central New York Information Service logoThe broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Central NY MLS. All rights reserved.
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