11 Clinton Ave, Cortland, NY 13045

Prime rental investment opportunity selling at an attractive 16% capitalization rate. Property has had a successful student housing track record for the last twenty years with the majority of units rented through the 2020-2021 academic year **UPDATE-All Units are now rented for the 2020-2021, increasing NOI to $63,000**. Property includes five residential units with a total of 12 beds. Units include many recent updates including ceramic tile bathrooms, new flooring, new furniture and many new appliances throughout. All residential water heaters have been replaced within the last two years. First story tenants include a travel agency and a clothing retailer who have both been long term tenants, +/- 10 years. Coin operated washer and dryer for tenant use. Financial information available upon request. Serious inquiries only. Not interested in listing with a real estate agent. Potential to include additional student housing units in sale.