Leighton G. Ashley
Licensed RE Associate Broker
REALTOR®, RSPS - Resort & Second Home Property Specialist; SRS - Seller Representative Specialist
Property Description
This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.
19 Water Street | MLS# S1679899
This home located at 19 Water Street , Cortland, NY 13045 is currently listed for sale with an asking price of $314,900. This property was built in 1880 and has 9 bedrooms and 3 full baths with 2370 sq. ft. Water Street is located within the Cortland school district. Search Cortland real estate on leighton-ashley.timberlandproperties.com today.
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Property Features
Property Type: Residential -
Basement: Full
Heating: Gas, ForcedAir
Lot Size: 0.11 Acres
Stories: 2.0
Taxes: $8,199
Year Built: 1880
Feature Descriptions
Appliances: GasWaterHeater
Exterior: AtticCrawlHatchwaysInsulated, VinylSiding
Flooring: Tile, Varies, Vinyl
Lot: CornerLot, Rectangular, RectangularLot
Lot Dimensions: 57X86
Parcel#: 110200-086-080-0002-044-000-0000
Parking: Gravel, TwoOrMoreSpaces
Parking Notes: Gravel, TwoOrMoreSpaces
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public
Local Schools
School District: Cortland
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19 Water Street , Cortland, NY 13045
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Estimated Payment
$ 1,475.93 per month $700.83 Principal & Interest $683.25 Property Tax $91.85 Homeowner's InsuranceChange Payment Information
Demographics
Listed By / Shown By
Listing By
Agency Name: The Real Estate Agency
Agency Phone: 315-604-0718
Shown By
Agent Name: Leighton G. Ashley
Agent Phone: Cell: (917) 796-3351
Agency Title: Timberland Properties
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19 Water Street , Cortland, NY 13045
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Leighton G. Ashley Licensed RE Associate Broker
Office: (845) 657-4177
Cell: (917) 796-3351
Email Me
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