Park Place Student Rental House
Property Description
Popular student rental house 1/2 mile from St. Lawrence University and 2 miles from SUNY Canton. MASTER LEASED 9 bedroom - 2 bath house, with study and office. TENANTS PAY ALL but taxes, insurance, and maintenance. Electric, gas, water, sewer, trash, internet, landscaping, and snow removal ARE COVERED OR PAID FOR by tenants. Refrigerator, range, dishwasher, washer/dryer are included. Low maintenance vinyl exterior with large private yard, and includes adjacent lot (14.5 Park Place). Consistently rented with annual increases. Located in Canton, NY a popular college town with four campuses within 10 miles. An owner Approved Purchase Contract proof has been included with the financial proforma for buyer's review.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Multifamily type: | Student Housing |
| Price: | $295,000 |
| No. of Units: | 9 |
| Cap Rate: | 11.39% |
| Average Occupancy: | 100.00 |
| Year Built: | 1950 |
| Building Size: | 2,500 Sq ft |
| Lot Size: | 1.06 Sq ft |
| No. of Stories: | 2 |
| APN: | 88.043-2-12 & (17.1) |
| Opportunity Zone: | No |
| Price per unit: | $32,778 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|---|---|---|
| Bedrooms | 9 | 2500.00 | 0.00 |
FINANCIAL DETAILS
| Income/expense info: | Actual |
|---|
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Richard L Will | 3154723000 | [email protected] |
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