19 Water Street, Cortland, NY 13045

Property Description

This property features two units- Downstairs has 6 bedrooms and 2 full baths - Upstairs is 3/4 bedrooms and 1 bath - for a total of 10 bedrooms and 3 full bathrooms. Currently vacant for the 2025-2026 school year, but the downstairs, all 6 bedrooms are pre-rented for both semesters of 2026-2027 at $3,800 per student per semester. Excellent turnkey investment opportunity with immediate cash flow. Lockbox is located on the left of the back porch. See Showing Time for code. After 15 years of ownership, the sellers are beginning to sell off their well-maintained student housing portfolio. Each property offers an excellent location close to SUNY Cortland and has a strong, consistent rental history. Units typically rent for $3,800-$4,200 per student per semester, with dependable occupancy year after year. Great opportunity to own a proven income-producing property in a high demand market.