****FOR SALE BY OWNERS- TURN KEY BUSINESS **** Prospect Terrace Empire housing is currently a 22 unit single building apartment complex rented as student housing but can be immediately switched residential. 20 single units with one 2 bedroom apartment and the owners 4 bedroom 2500 SF apartment all in one location. Owner-occupied or can be converted to 30 single units. This apartment building has been renovated with all-new water service and water supply lines throughout the building. New electrical entrance/service and 4 new sub-panels for each of the floors. The main entrance and main stairwell is completely new with flooring, walls, insulation, lighting, tile, and paint. All the kitchens have been renovated with new cabinets, countertops, ovens, microwaves, and refrigerators. All the bathrooms are tiled, newer showers, and freshly renovated. Less than 100 yards to Campus, it is on the same block as Campus! Consistently at full capacity. 16 parking spots, large 2 car garage for storage, garbage, and equipment. Two Large back yards, one surrounded with privacy fencing for the owner. On-site laundry room. Full building sprinkler system. Prospect Terrace is located about four blocks from the most popular bars and restaurants in town, making our building a well-known and sought after student apartment building due to its proximity to both campus life as well as nightlife. 52 Prospect Terrace Offers a new investor the opportunity to acquire a well- maintained student housing property that is well-located to Cortland State University. Turnkey, owner-occupied opportunity! Creative finacing, owner financing possible. Investment Highlights • Less than one block from campus • 20 singles, 1 two-bedroom and owners 4 bedroom unit all in one building • On-site Laundry • On property, off-street parking • Close Proximity, walking distance to Downtown Restaurants and Bars • Well-Maintained – Property Benefits from several Recent Capital Improvements • Can be converted to residential or a combo of both student/residential immediately • On-site storage, 2 car garage. Call and text 315-436-7936
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
