11 Clinton Ave - Apartments FOR SALE


Cortland, NY 13045
$465,000 USD
607-857-3864
11 Clinton Ave, Cortland, NY for Sale
$465,000 USD
Apartments - FOR SALE
1/46
null | 7.05% Cap Rate

11 Clinton Ave
Cortland, NY 13045


HIGHLIGHTS

  • 7 units: 2 commercial, 5 apartments
  • Apartments fully occupied
  • Excellent for both student and professional rental
  • Recently renovated
  • Highly visible retail spaces

OVERVIEW

7-unit building available in downtown Cortland! 5 apartments fully occupied on the second floor with rents totaling $5,970/month. Two commercial spaces (2385sf and 625 sf) are available for leasing, or for owner-occupy. Apartments are updated with newer carpets, modern and efficient kitchens, classic tile bathrooms, new mini-splits, and some have two stories with soaring ceilings and skylights. Apartments come furnished with couches, beds, dressers and desks, and have been easy to rent. The commercial spaces each have excellent visibility from the street. The larger includes a full kitchen and storage spaces. Both have private restrooms. A shared laundry room is accessible to tenants. Enjoy many units in a great location for an affordable price!

FOR SALE DETAILS

PRICE

$465,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

7

PRICE/UNIT

$66,429

CAP RATE

7.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Cortland Mixed Use

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

Commercial Zoning

APN/PARCEL ID

110200-086-058-0002-004-000-0000

ASK ABOUT THIS PROPERTY

Steph JacobsonYaman Commercial IndustrialMore Info
607-857-3864

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Steph JacobsonYaman Commercial IndustrialMore Info
607-857-3864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.