Active

19 Water Street
Cortland, NY 13045

$359,900
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Property Description

Investment Opportunity: Student Housing Near SUNY Cortland with Significant Upside Potential! Unlock the lucrative world of student rentals with this exceptional property located just moments from SUNY Cortland! This offering presents a rare chance for savvy investors to acquire a well-situated student housing asset with considerable room for value appreciation and increased cash flow. The Cortland student housing market is consistently strong, driven by SUNY Cortland's robust enrollment. While the university is planning a new residence hall for 2026-2028, it aims to replace existing West Campus apartments, not significantly increase overall on-campus capacity. This maintains a healthy demand for off-campus housing and ensures a steady tenant pool for well-managed properties. This property is walking distance to campus and in a well sought out area for off-campus living. Don't miss this opportunity to capitalize on the steady demand of the SUNY Cortland student rental market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a high-potential income property, this offering is poised for significant returns.

Details

Utilities: Sewer Connected, Water Connected
Appliances: Gas Water Heater
Flooring: Tile, Varies, Vinyl
Basement: Full
Heating: Gas, Forced Air
Construction Materials: Attic Crawl Hatchways Insulated, Vinyl Siding
Lot Dimensions: 57 X86
Lot Size: 0.1135
Sewer: Connected
Water: Connected, Public
Parking: Gravel, Two Or More Spaces