72 Groton Ave Cortland, NY 13045
Estimated payment $2,349/month
Highlights
- Wood Flooring
- Forced Air Heating System
- Rectangular Lot
About This Home
Investment Opportunity: Student Housing Near SUNY Cortland with Significant Upside Potential! Unlock the lucrative world of student rentals with this exceptional property located just moments from SUNY Cortland! This offering presents a rare chance for savvy investors to acquire a well-situated student housing asset with considerable room for value appreciation and increased cash flow. The Cortland student housing market is consistently strong, driven by SUNY Cortland's robust enrollment. While the university is planning a new residence hall for 2026-2028, it aims to replace existing West Campus apartments, not significantly increase overall on-campus capacity. This maintains a healthy demand for off-campus housing and ensures a steady tenant pool for well-managed properties. This property is walking distance to campus and in a well sought out area for off-campus living. Don't miss this opportunity to capitalize on the steady demand of the SUNY Cortland student rental market. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a high-potential income property, this offering is poised for significant returns.
Listing Broker has an ownership interest.
Listing Agent
Listing by The Real Estate Agency License #10401389867 Listed on: 06/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,269
Year Built
- Built in 1900
Lot Details
- 5,723 Sq Ft Lot
- Lot Dimensions are 43x131
- Rectangular Lot
Home Design
- Vinyl Siding
Interior Spaces
- 2,660 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 8 Bedrooms
Parking
- Parking Available
- Gravel Driveway
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Tax Lot 33
- Assessor Parcel Number 110200-086-049-0004-033-000-0000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $5,994 | $260,000 | $13,000 | $247,000 |
| 2023 | $9,549 | $176,000 | $9,100 | $166,900 |
| 2022 | $9,455 | $176,000 | $9,100 | $166,900 |
| 2021 | $9,540 | $176,000 | $9,100 | $166,900 |
| 2020 | $9,259 | $176,000 | $9,100 | $166,900 |
| 2019 | $5,864 | $176,000 | $9,100 | $166,900 |
| 2018 | $9,294 | $176,000 | $9,100 | $166,900 |
| 2017 | $9,078 | $176,000 | $9,100 | $166,900 |
| 2016 | $8,920 | $176,000 | $9,100 | $166,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/05/2025 08/05/25 | Price Changed | $295,900 | -7.5% | $111 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $319,900 | -- | $120 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $1,520,000 | Unknown |
Source: Central New York Information Services
MLS Number: S1614467
APN: 110200-086-049-0004-033-000-0000
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