2 South Avenue
Property Description
INVESTOR ALERT - 3-UNIT INCOME OPPORTUNITY IN CORTLAND! Bring your investment vision to this 3-unit property with immediate rental income and significant upside potential. The front 1-bedroom apartment is currently rented for $800/month plus utilities, while the rear 1-bedroom and spacious upstairs 4-bedroom apartment are available for a new owner to lease, providing an opportunity to increase rental income up to $36,000 per year or more. The front 1-bedroom unit features a kitchen, living room and bath and currently rents for $800/month plus utilities. The rear 1-bedroom unit offers a kitchen, living room and bath. The upstairs 4-bedroom unit includes a kitchen, living room and bath. Separate utilities allow tenants to pay their own utility costs. BONUS - ADDITIONAL LOT INCLUDED! The adjoining 37' x 75' lot conveys with the property, providing valuable additional space for parking, play area, gardening or other permitted uses including maybe a tiny home to generate more income. Don't miss this opportunity to add a 3-unit property to your portfolio with room to grow the income. See it, run your numbers and make your offer! ALL OFFERS WILL BE REVIEWED on October 1. If you've been looking for an investment property with both current income and future rental upside, schedule your showing now - don't wait until the offer deadline!
Broker Details
Berkshire Hathaway HomeServices CNY Realty (315) 218-1480
MLS ID: ROSENBLO State License Number: 10401292773
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $169,900 |
| No. of Units: | 3 |
| Year Built: | 1964 |
| Lot Size: | 3,456.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $56,633 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-BNARNY-S1715608
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
103 Central Avenue
Ocean Grove, New Jersey
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout