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41 Prospect Ter
Cortland, NY 13045
Prospect Terrace · Multifamily Property For Sale
·
13 Units
Investment Highlights
- Walking distance to campus
Property Facts
| No. Units | 13 | Building Size | 14,800 SF |
| Property Type | Multifamily | Average Occupancy | 92% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1920/2010 |
| Building Class | C | Parking Ratio | 1.55/1,000 SF |
| Lot Size | 0.49 AC | ||
| Zoning | 05 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 14,800 SF |
| Average Occupancy | 92% |
| No. Stories | 3 |
| Year Built/Renovated | 1920/2010 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | 05 |
Amenities
Site Amenities
- Laundry Facilities
- Security System
- Furnished Units Available
About 41 PROSPECT TER , CORTLAND, NY 13045
Located on the edge of SUNY-Cortland Campus just a couple minutes walk to class and just a few minutes walk to historic Main St. bars, restaurants, and stores. All apartments are fully renovated with modern kitchens and new appliances, original hardwoods and tile flooring, while maintaining the architectural charm of the 1920's construction. The layouts have been reconfigured with student lifestyle in mind. Fully furnished with mounted flat screen televisions and dishwashers. Parking in open lot is $50/semester and $100 for each of the 9 garage spots. Tenants pay the electric heat and cable and owner pays gas for stoves /hot water/WIFI and trash. Building is comprised of 13 units/33 beds.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 635 - 735 |
| 3+1 | 7 | - | 830 - 920 |
Property Taxes
| Parcel Number | 110200-086-065-0001-004-000-0000 | Improvements Assessment | $660,700 |
| Land Assessment | $49,300 | Total Assessment | $710,000 |
Property Taxes
Parcel Number
110200-086-065-0001-004-000-0000
Land Assessment
$49,300
Improvements Assessment
$660,700
Total Assessment
$710,000
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