Mark DiGiampaolo
REALTOR®, Lic. Real Estate Salesperson
BEDS7
BATHS3 full
SQUARE FEET1,720
MLS#S1727553
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLCortland
Property Description
Investment Opportunity in the City of Cortland! Located at 24 Reynolds Avenue, this income-producing property is legally recognized as a three-family residence and is currently configured as two spacious apartments. One unit offers 3 bedrooms and 1 full bath, while the second features 4 bedrooms and 1 full bath, providing a total of 7 bedrooms. Both units are tenant-occupied, offering immediate rental income for the next owner. Currently generating $23,568 in annual gross rental income, this property presents an opportunity for investors looking to expand their portfolio or explore future income potential. With its spacious layout and multiple bedrooms, there may also be an opportunity to reconfigure the property for student housing, subject to applicable zoning, occupancy regulations, and municipal approvals. The property's legal three-family status offers additional possibilities for future use. Conveniently located in the City of Cortland, with access to local shopping, dining, and amenities. Don't miss your chance to explore the potential this investment property has to offer!
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $6,825
Year Built: 1880
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 2
Exterior: Aluminum Siding
Flooring: Carpet, Hardwood, Tile, Varies
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 44X125
Parcel#: 110200-086-073-0002-018-000-0000
Parking: Gravel
Parking Notes: Gravel
Sewer: Connected
Units: 2
Utilities: Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Cortland
Listed By / Shown By
Listing By
Agency Name: Hage Real Estate
Agency Contact: 704.241.8799
Shown By
Agent Name: Mark DiGiampaolo
Agent Phone: (716) 887-3891
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 1,147.46 per month $511.66 Principal & Interest $568.75 Property Tax $67.05 Homeowner's InsuranceChange Payment Information
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24 Reynolds Avenue | MLS# S1727553
This multi-family property located at 24 Reynolds Avenue, Cortland, NY 13045 is currently listed for sale with an asking price of $229,900. Reynolds Avenue is located within the Cortland school district. Search Cortland real estate on mdigiampaolo.mjpeterson.com today.