6-8 Lincoln Avenue
Cortland, NY 13045
MLS #S348007

Apartment Building
    A-Active $1,325,000
    Est. P&I payment: $5060.6/mo
    Description for 6-8 Lincoln Avenue, Cortland, NY 13045
    Currently rented on 1-leases (could be used as student housing). 2 apartment buildings with a total of 19 units as follows. #6: 6 units (1 1-bedroom & 5 2-bedroom). #8: 13 units (4 1-bedroom & 9 2-bedroom). Total of 33 bedrooms. Each building has a washer & dryer. #8 has a brand new boiler. One parking space per unit. Additional parking is available from Cortland City lots. At present, the seller pays all utilities. But, with 21 electric meters, each unit could pay its own electricity. Both buildings have sprinkler systems. Not in a flood zone.
    MLS #S348007
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    My Notes for MLS #S348007

    General Features

    • Listing Type: Exclusive Right To Sell
    • Property Type: 5 + Unit Apartments
    • Status: A-Active
    • Total Num of Apartments: 19
    • Type of Sale: Normal
    • Year Built: 9999
    • Year Built Description: Existing
    • Num of 2 Bedroom Apartment: 28

    Exterior Features

    • Additional Exterior Features: Cable TV Available,​High Speed Internet
    • Driveway Description: Blacktop,​Common,​Parking Area
    • Exterior Construction: Brick,​Frame
    • Garage Spacesper Apt: No Garage Spaces
    • Lot Dimensions Depth: 130
    • Lot Dimensions Frontage: 95
    • Lot Information: Commercial Zoning,​Near Bus Line,​Neighborhood Street
    • Lot Shape: Rectangular
    • Num of Acres: 0.28
    • Parking Spacesper Apt: 1 Space
    • Roof Description: Shingles

    Interior Features

    • Additional Interior Features: Circuit Breakers - Some
    • Basement Description: Full
    • Floor Description: Wall To Wall Carpet-Some
    • Kitchen Equip Appl Included: In All Apartments
    • Num of 1 Bedroom Apartment: 5
    • Num of Stories: 5
    • Sq Ft Total: 20,916

    Utility Features

    • Heating Fuel Description: Gas
    • HVAC Type: Forced Air,​Hot Water
    • Num of Electric Meters: 21
    • Num of Gas Meters: 2
    • Num of Heating Units: 2
    • Separate Utilities: Electricity
    • Sewer Description: Sewer Connected
    • Water Heater Fuel: Gas
    • Water Resources: Public Connected

    Financial Features

    • Gross Annual Income: 195,000
    • Incomeexpense Information: None
    • Operating Expenses Include: Accounting/Legal,​Advertising,​Electric,​Insurance,​Licenses/Permits,​Refuse,​Water / Sewer
    • Rent Includes: Apartments Furnished,​Cable TV,​Electric,​Grounds Maintenance,​Refuse Removal,​Snow Removal,​Water
    • School Tax: 8,431
    • Total Taxes: 23,018
    • Town County Tax: 14,587

    Community Features

    • Amenities Included: No Amenities
    • County Or Parish: Cortland
    • Nearest Cross Street: North Main Street
    • Village: Not Applicable

    School Features

    • School District Name: Cortland

    Miscellaneous Features

    • Island Name: NA


    Street View Not Available
    Directions to 6-8 Lincoln Avenue, Cortland, NY 13045
    Take North Main Street northbound one block from its intersection with Clinton Avenue / Groton Avenue Turn left onto Lincoln Avenue. The parking lot entrance will be the second right off Lincoln Avenue.
    The listing information for 6-8 Lincoln Avenue, Cortland, NY 13045 was graciously provided by our friends at the listing brokerage, Seven Valley Realty, Inc.

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    ($ or %)
    P&I Payment $5060.6
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    Last Updated 11/24/2017 at 6:32pm
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