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5 Sands St, Cortland, NY, 13045

6beds
2baths
1,926sqft
$215,900
$112price/sqft
$1,924/moest. monthly cost
$76,960/yrincome needed

About This Home

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.

Getting Around

68
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

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Franklyn S Barry SchoolGrades K-20.4 mi
5/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1910

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Hardwood,Laminate,Tile,Varies
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 1,926
  • Total interior livable area: 1,926 sqft

Property

Details

  • Parcel number: 11020008608000020150000000
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 6,730 sqft
  • Features: Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 51 x 132

Parking

  • Total spaces: 1
  • Parking features: Paved,Two or More Spaces
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1