Residential for sale in Cortland, New York, S1384143

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96 Groton Street,

Cortland, New York NY13045

Listing IDS1384143

Price$4,450,000

StatusActive

SqFt 1,762

Acres 0.157

CountyCortland

SubdivisionThomas Seaney Lands

Year Built1918

Property TypeResidential

Property Sub TypeMulti Family

re you looking to make a great return on your money with upside potential? This investment student housing package is for you. 80% of the bedrooms are already rented for the 2022-2023 school year. These properties are well-maintained with the majority of them recently updated. There are 11 parcels, 13 two-four family dwellings ranging from 2 to 8 bedroom unit with 26 total units and 98 bedrooms. The properties are located at 63, 66, 69, 71, 72, 96 Groton Ave, 31 Clayton Ave, 26 Owego Street, 22 Frank Street, 5 Sands Street, and 19 Water Street.

Primary Features

County Cortland

Property Sub Type Multi Family

Property Type Residential

Subdivision Thomas Seaney Lands

Year Built 1918

Additional

Year Built Details Existing

Interior

Appliances Gas Water Heater

Basement Full

Fireplace yes

Fireplaces Total 1

Flooring Carpet, Hardwood, Laminate, Varies, Vinyl

Furnished Furnished

Heating yes

Heating Type Gas, Baseboard, Hot Water

Levels Two

Living Area 1762

Stories 2

Stories Total 2

External

Construction Materials Stucco, Vinyl Siding, Wood Siding

Foundation Details Block

Garage yes

Garage Spaces 2

Lot Features Residential Lot

Lot Size Area 0.1568

Lot Size Dimensions 56X120

Lot Size Square Feet 6830

Number Of Separate Electric Meters 13

Number Of Separate Gas Meters 13

Number Of Units In Community 2

Number Of Units Total 13

Parking Features Paved, Parking Available

Road Frontage Type City Street, Main Thoroughfare

Roof Metal, Shingle

Sewer Connected

Utilities Sewer Connected, Water Connected

Water Source Connected, Public

Location

City Cortland

Elementary School District Cortland

High School District Cortland

Middle Or Junior School District Cortland

MLS Area Major Cortland-110200

Township Not Applicable

Waterfront no

Financial

Listing Terms Cash, Conventional, FHA, VA Loan

Net Operating Income -89933

Operating Expense Includes Licenses

Owner Pays All Utilities, Grounds Care, Snow Removal, Water

Possession Close Of Escrow

Rent Includes All Utilities, Common Area Maintenance, Gardener, Snow Removal, Water

Special Listing Conditions Standard

Tax Annual Amount 89933

Tax Assessed Value 120000

Tax Lot 54

Zoning Info

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than LoVallo Real Estate, are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. The compensation offer is made only to Participants of the MLS where the listing is filed. Data last updated Monday, May 29th, 2023 at 03:46:19 AM.