Comments for 63 Groton Avenue , Cortland, NY 13045
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.
Listing Broker has an ownership interest.
Appliances: Gas Water Heater
Parking: Paved, Parking Available, Two or More Spaces
Basement: Full
Parking Notes: Paved, Parking Available, Two or More Spaces
Days on Market: 173
Sewer: Connected
Exterior: Attic/Crawl Hatchway(s) Insulated, Wood Siding
Stories: 2.0
Flooring: Laminate, Tile, Varies
Taxes: $8,022
Heating: Gas, Forced Air
Units: 2
Lot Description: Rectangular, Rectangular Lot, Residential Lot
Utilities: Sewer Connected, Water Connected
Lot Dimensions: 64X170
Water: Connected, Public
Lot Size: 0.25 Acres
Year Built: 1900
Parcel#: 110200-086-057-0002-002-000-0000
School District: Cortland