Centrally located up/down duplex currently used as student housing, offering two large 3-bedroom, 1-bath units, each with laundry. The property is well-maintained and has demonstrated stable performance year after year with efficient operating costs. Rents are under market, creating room for increased income, and utilities could be shifted to tenants. Both units are leased through May 2026, and there is already interest for the following academic year. This property could also be highly profitable as a long-term rental or converted into furnished, short-term housing, with long-term rents projected to approach $40,000 annually. A versatile and attractive investment opportunity.
MLS#206281
72 Cornelia Street, Plattsburgh
$298,000
Listing courtesy of Coldwell Banker Whitbeck Assoc-Saranac Lake
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Property Information
Price:
$298,000298000
MLS#:
206281
Type:
Multi-Family
Area: Plattsburgh, New York
Acres:
0.10
Lot Dimensions:
37x115
Zoning:
Residential
School District:
Plattsburgh
Tax Map:
207.15-6-23
Total Taxes:
$5,560
Year Built:
1900