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    24 South Ave, Unit 24 Cortland, NY 13045

    For Sale
    $375,000

    Spacious four-unit property near SUNY Cortland with investment potential.

    Lot size:
    0.23 Acres

    Property Features for 24 South Ave

    General Information

    Lot size
    0.23 Acres

    Building Details

    Year built
    1870

    Source: Yaman Real Estate Agent Heriberto Pezzino

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

    Overview

    Fourplex Near SUNY Cortland

    This 7,392 square foot fourplex is located steps from SUNY Cortland and Main Street amenities. Each of the four units includes 3-4 bedrooms and updated kitchens. The property features separately metered utilities, which keeps owner costs low. Recent improvements include updated boilers, roofs, and vinyl windows. A clean, dry basement features coin-op laundry and secure tenant storage. The property is zoned R-2 with potential for additional density or ADU. Off-street parking, high walkability, and proximity to I-81 are additional features. The property offers pro forma income over $52,000 per year.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    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
    -76.1828577
    Latitude
    42.5918513

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    FAQs

    What type of property is this?
    Quadplex - Spacious four-unit property near SUNY Cortland with investment potential.
    Where is this quadplex located?
    The property is located at 24 South Ave, Unit 24 Cortland, NY.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: - Prime location steps from SUNY Cortland and Main Street amenities; - Strong income potential with pro forma income over $52K/year; - Four spacious units, each with 3-4 bedrooms and updated kitchens
    (607) 372-3214
    Request Owner's contact information
    24 South Ave, Unit 24 Cortland, NY 13045
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    Cortland, NY 13045
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    24 South Ave, Unit 24 Cortland, NY 13045
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