Standardized Operating Procedure of Purchase

SUNY Cortland Off-Campus Student Housing Investment Opportunity. Exceptional opportunity to acquire a fully leased, high-performing student housing asset in the heart of Cortland’s premier off-campus student housing district. This approximately 5,000-square-foot property features 20 bedrooms, 7 bathrooms, and 28 on-site parking spaces, offering an ideal combination of size, location, and proven rental performance. Currently 100% leased for the 2026-2027 academic year, the property serves as housing for one of SUNY Cortland’s fraternities and has enjoyed a long-standing history of repeat tenancy from the same organization year after year. Its established occupancy and consistent rental history provide investors with dependable cash flow and strong long-term investment potential. Ownership has made extensive capital improvements throughout the property, significantly enhancing both its functionality and overall condition. Recent updates include renovated kitchen countertops and finishes, new flooring throughout, fresh interior and exterior paint, a new boiler, new hot water heater, electrical system upgrades, complete first-, second-, and third-floor renovations, four fully renovated bathrooms, and numerous additional building improvements. Ideally located just a short walk from both SUNY Cortland and downtown Cortland, this turnkey investment is positioned in one of the city’s most sought-after student housing locations. With strong historical occupancy, substantial recent improvements, and a proven leasing track record, this property represents a rare opportunity to acquire a stabilized student housing asset in a consistently high-demand market.