53 Units Cornell SH Portfolio 5 Multifamily Properties Offered at $22,150,000 in Ithaca, NY

This exclusive portfolio presents a rare opportunity to acquire a turnkey, stabilized, and high-performing student housing portfolio in the heart of Ithaca, New York, home to Ivy League institution Cornell University. Consisting of 8 strategically located, 5+ unit properties in Collegetown and North Campus/Cornell Heights, this portfolio totals 154 beds across 53 units and 8 buildings, all of which are either new construction or have undergone comprehensive renovations - offering a strong and consistent rental history driven by steady student demand.
All properties have had 100% occupancy at the start of every school year and less than .05% collection loss through entirety of the current ownership.
Prime Locations: All properties are within proximity to Cornell University and key amenities, catering to Cornell Students, ensuring strong year-round rental demand.
Diversified Asset Mix: A combination of multi-unit properties, providing income diversification and operational flexibility. All units are fully furnished and feature tenant-paid utilities, ensuring strong cash flow and minimal management overhead.
Stabilized Income: Consistent occupancy and high rental rates.
Student Housing Focus: Tailored to meet the needs of undergraduate and graduate students, with proven demand and limited comparable supply in the market.
Ithaca Growth Market: Benefiting from one of the most resilient rental markets in Upstate New York, supported by a top-tier university and strong local economy.

Co-Listing New York Agent: Tam Marion Warren - Warren Real Estate; NYS Licensed Associate Real Estate Broker; Cell: 607-227-0198 | Web: www.warrenhomes.com; Email: tam@warrenhomes.com