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11 Clinton Ave
Cortland, NY 13045
Downtown Cortland Mixed Use · Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- 7 units: 2 commercial, 5 apartments
- Excellent for both student and professional rental
- Highly visible retail spaces
- Apartments fully occupied
- Recently renovated
EXECUTIVE SUMMARY
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!
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Washer/Dryer
- High Speed Internet Access
- Refrigerator
SITE AMENITIES
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1.5 | 2 | $1,415 | - |
| 2+1.5 | 1 | $1,100 | - |
| 2+1 | 2 | $1,200 | - |
PROPERTY TAXES
| Parcel Number | 110200-086-058-0002-004-000-0000 | Improvements Assessment | $312,400 |
| Land Assessment | $32,600 | Total Assessment | $345,000 |
PROPERTY TAXES
Parcel Number
110200-086-058-0002-004-000-0000
Land Assessment
$32,600
Improvements Assessment
$312,400
Total Assessment
$345,000
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