Commercial Sale for sale in Cortland, New York, S1384146

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96 Groton Street,

Cortland, New York NY13045

Listing IDS1384146

Price$4,450,000

StatusActive

SqFt 1,762

Acres 0.157

CountyCortland

SubdivisionThomas Seaney Lands

Year Built1918

Property TypeCommercial Sale

Property Sub TypeApartment

Are 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 Apartment

Property Type Commercial Sale

Subdivision Thomas Seaney Lands

Year Built 1918

Zoning Mixed

Additional

Documents Available Deed

Year Built Details Existing

Interior

Fireplace no

Heating yes

Heating Type Gas, Baseboard, Hot Water

Levels Two

Living Area 1762

Stories 2

Stories Total 2

External

Lot Size Area 0.1568

Lot Size Dimensions 56X120

Lot Size Square Feet 6830

Number Of Buildings 13

Parking Total 13

Roof Metal, Shingle

Sewer Public Sewer

Utilities Sewer Connected, Water Connected

Water Source 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

Zoning Description Residential Multi Use

Financial

Inclusions Inventory,Land, Building and Business

Net Operating Income -89933

Operating Expense Includes Electric, Fuel, Licenses, Maintenance, Snow Removal, Utilities, Water/Sewer

Possession Close Of Escrow

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 04:47:01 AM.