Apartment Buildings /NY /Cortland County /Cortland /44 Rickard St
Apartment Buildings /NY /Cortland County /Cortland /44 Rickard St

44 Rickard St - Apartments FOR SALE


Cortland, NY 13045 | 
$12,250,000 USD
914-941-7564
44 Rickard St, Cortland, NY for Sale
$12,250,000 USD
Apartments - FOR SALE
1/4
null | 5.82% Cap Rate
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44 Rickard St
Cortland, NY 13045

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HIGHLIGHTS

  • Location does have a pool and pinic area.
  • Grounds are a highlight themselves.
  • Walk to bike trails and supermarket.
  • Waiting list of tenants waiting for occupancy as soon as apartments are prepped.

OVERVIEW

BE A HERO, BRING YOUR PARTNERS THIS 5.04% CAP PROPERTY THAT WILL TURN INTO A 8.61% CAP WITH AN ADDITIONAL $100,000 OF DEVELOPMENT MONEY IN ONE YEAR. That is a $480,000 cash flow bump!

FOR SALE DETAILS

PRICE

$12,250,000 USD

PRICE/SF

$71 USD /SF

# OF UNITS

146

PRICE/UNIT

$83,904

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cortland Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

300

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

03

APN/PARCEL ID

110200-086-035-0001-008-000-0000

ASK ABOUT THIS PROPERTY

Eric SchatzSchatz Realty GroupMore Info
914-941-7564

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Eric SchatzSchatz Realty GroupMore Info
914-941-7564

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

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