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16 South Ave Cortland, NY 13045

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For Sale
$135,000

Dual-unit duplex near SUNY Cortland, ideal for rental income.

Lot size:
0.18 Acres

Property Features for 16 South Ave

General Information

Lot size
0.18 Acres

Building Details

Year built
1890
Source: Elliman

Listing Agent: Heriberto Pezzino

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Duplex Near SUNY Cortland

This dual-unit duplex is located steps from SUNY Cortland and downtown. It features a 2-bedroom, 1-bathroom unit and a 3-bedroom, 1-bathroom unit. Both units are fully rented and have separately metered utilities. The landlord covers water and sewer. The property has recently updated heating and low-maintenance systems. A shared driveway provides parking. This property is an ideal rental property or starter portfolio asset, offering immediate cash flow. It can be sold individually or bundled with other properties for investors seeking scale and diversification.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Cortland
County
Cortland
State
New York
Longitude
-76.1818697
Latitude
42.5919531

FAQs

What type of property is this?
Duplex - Dual-unit duplex near SUNY Cortland, ideal for rental income.
Where is this duplex located?
The property is located at 16 South Ave Cortland, NY.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: - Dual-unit duplex near SUNY Cortland and downtown; - Fully rented units (2 BR/1 BA and 3 BR/1 BA) with separate utilities; - Strong 13.3% cap rate and immediate cash flow
More about this property
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