Colleen Sean Peck

26 Lincoln Avenue, Cortland, NY 13045

New - 2 Hours Ago
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Property Description

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 installed a new lower roof, new furnace, 2 hot water heaters and a combo laundry unit.

26 Lincoln Avenue | MLS# S1683352

This home located at 26 Lincoln Avenue, Cortland, NY 13045 is currently listed for sale with an asking price of $324,900. This property was built in 1920 and has 10 bedrooms and 4 full baths with 3385 sq. ft. Lincoln Avenue is located within the Cortland school district. Search Cortland real estate on colleen-peck.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Cooling: WindowUnits
Fireplaces: 1
Heating: Gas, ForcedAir
Home Style: Triplex
Lot Size: 0.20 Acres
Roof Type: Asphalt, Flat, Membrane, Rubber, Shingle
Stories: 2.0
Taxes: $11,696
Year Built: 1920

Amenities

Other
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Feature Descriptions

Appliances: GasWaterHeater
Exterior: ShakeSiding
Flooring: Carpet, CeramicTile, Laminate, Varies
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 65X129
Parcel#: 110200-086-050-0001-024-000-0000
Parking: Paved
Parking Notes: Paved
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: ElectricityConnected, SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

High School: Cortland Junior-Senior High
Elementary School: Randall
School District: Cortland

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Estimated Payment

$ 1,792.52 per month $723.09 Principal & Interest $974.67 Property Tax $94.76 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Realmart Realty LLC
Agency Phone: 888-362-6543

Shown By

Agent Name: Colleen Sean Peck
Agent Phone: (518) 542-1329 Cell
Agency Title: Coldwell Banker Prime Properties

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