CCertihomes
72 Groton Avenue, Cortland, NY 13045

$295,900

8 beds 3 baths 2,660 sqft Built 190047 days on marketActive

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.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$4,039/mo

Real estate (PITI + HOA + PMI)
$3,158
Principal + interest$1,899
Property tax + insurance$1,148
PMI / 2nd mortgage$111
Utilities
$1,796
Heating + cooling$746
Internet + TV + phone$138
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$138
$4,039/mo TLC
Budget$5,000/mo
Remaining after TLC$961/mo
Purchase price
$295,900
Down payment
$14,795 (5%)
Loan amount
$281,105
APR
7.15%

Quick facts

Type
MultiFamily
Style
Year built
1900
Lot size
0.1314 ac
Stories
2
Heating
Gas, ForcedAir
Cooling
Water
Connected, Public
HOA
Annual tax
$9,269
MLS #
S1614467
County
Cortland

At a glance

Basement

Home features

Appliances
GasWaterHeater
Parking
GravelParkingAvailableTwoOrMoreSpaces
Flooring
Hardwood, Tile, Varies, Vinyl

Lot features

Rectangular, RectangularLot, ResidentialLot

Neighborhood — 13045

MetricThis ZIPCountyUSA
Population28,78519,351,094299,088,112
Population Change Since1990-3.00%8.00%20.00%
Population Density273395
Male13,7149,381,926147,432,321
Female15,0709,969,168151,655,844
Never Married9,0554,946,39163,775,926
Married9,6337,166,701123,120,365
Separated1,8741,159,67312,639,686
Widowed1,7491,110,24515,467,586
Divorced2,1291,210,44823,075,029
Number Of House Hold10,1437,102,016111,826,380
Average House Hold Size2.512.642.60
Medial Age31.8336.5335.46
Median House Hold Income$34,625$49,847$48,276
Average House Hold Income$44,673$70,032$63,629
P C I$16,699$26,569$24,529
M D I$30,687$42,210$41,133
A T H E$40,548$54,185$50,898
S T R8.00%4.00%
W C J78.84%81.55%77.74%
(Zip) Code
13045

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 6/18/2025. Provided courtesy of The Real Estate Agency via Buffalo MLS. Information deemed reliable but not guaranteed.