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$324,900
10 Beds
4 Baths4 full baths
3,385sqft
26 Lincoln Ave, Cortland, NY 13045
$324,900
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Multi Family
Built in 1920
$-- HOA
0.2 acre lot
$96/sq.ft
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 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!
- Houzeo last checked: 10 minutes ago
- Listing updated: May 22, 2026 at 2:40 pm
- Listing Provided by: Qizhan Yao (888) 362-6543 DRE #10491203908 | Realmart Realty LLC (888) 362-6543
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: S1683352
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
3,385 sqft
Lot Size
0.2 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
S1683352
MLS Status
Active
Days on Market
63
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
TREC: Info About Brokerage Services, Consumer Protection Notice.
§ 442‑H New York Standard Operating Procedure.
New York State Fair Housing Notice.
