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56 Owego Street
Cortland, NY 13045

Est. Mortgage: $622/mo
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  • 3,164
Multi-Family Home

Prime student housing! 3-unit that is legal for 8 students! Gross profit rented to students is approx. $48,000.00 per year. Apartment #1 is a 4-bdrm. currently rented to non-student tenants for $950 per month. Apartment #2 is currently rented to non-student tenants for $875 per month. Apartment #3 is currently rented to non-student tenants for $675 per month. Property has recently undergone many renovations. This investment property posts positive cash-flow renting to local tenants and renting to student tenants! Seller's are motivated!

Property Details
  • Cortland
    school district
  • $6,418.00
  • 1890
  • 2
  • S1074698
Electric range
Electric oven
Forced air heat
Natural gas heat
Hardwood floors
Wall to wall carpeting
Laminate flooring
Full basement
High school: Cortland Junior-Senior High
School district: Cortland
Garage spaces: 2.0000
Vinyl siding
Lot acreage is: 0.2982
Lot size: 175x74
Lot number: 16
Public water
Total square feet: 3164
Courtesy of:
Seven Valley Realty, Inc.

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Name Type GreatSchools
Franklyn S Barry School Elementary School / Public 3 0.45 mi.
Cortland Junior Senior High School High School / Public 5 0.63 mi.
St Mary's School * Pre-School, Elementary School / Private N/A 0.97 mi.
Alton B Parker School * Elementary School / Public 3 0.89 mi.
Randall School * Elementary School / Public 2 0.61 mi.
Cortland Junior High School * Middle School / Public N/A 0.62 mi.
Address Distance Sale date Sale price
30 Union Street 0.21 mi. 2/16/2018 $120,000
18 Reynolds Avenue 0.21 mi. 8/3/2017 $125,000
7 WATER Street 0.27 mi. 6/14/2017 $135,000
172 Tompkins Street 0.33 mi. 7/25/2018 $117,000
135 Groton Avenue 0.7 mi. 4/11/2017 $105,000
7 Homer Avenue 0.72 mi. 6/14/2017 $137,500
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{"markerType": "Sold", "lat": "42.59313", "lng": "-76.18261", "Address": "30 Union Street", "City": "Cortland", "StateProv": "NY", "ZipCode": "13045"}
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{"markerType": "Sold", "lat": "42.59052", "lng": "-76.19231", "Address": "172 Tompkins Street", "City": "Cortland", "StateProv": "NY", "ZipCode": "13045"}
{"markerType": "Sold", "lat": "42.60049", "lng": "-76.19177", "Address": "135 Groton Avenue", "City": "Cortland", "StateProv": "NY", "ZipCode": "13045"}
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The approximate monthly principal & interest payment for this property would be $621.54.

This payment is based on a 30-year loan at a fixed rate of 4.375 % - APR 4.449 % with a down payment of $6,495. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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56 Owego Street, Cortland, NY 13045 multi-family home offered for sale at $129,900.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprosity(sm) Program of the Central New York Information Service, Inc. Multiple Listing Service. Real estate listings held by brokerage firms other than Howard Hanna Real Estate are marked with the Broker Reciprosity(sm) thumbnail logo and detailed information about them includes the name of the listing brokers. © 2019 Central New York Information Service, Inc. All rights Reserved. Information deemed reliable but not guaranteed.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.