24 Reynolds AVE, Cortland, NY 13045
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24 Reynolds AVE, Cortland, NY 13045
24 Reynolds AVE, Cortland, NY 13045
24 Reynolds AVE, Cortland, NY 13045
24 Reynolds AVE, Cortland, NY 13045
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Mark Gilbo

Mark Gilbo

+1(315) 804-4847
$ 229,900
Est. payment /mo
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24 Reynolds AVE Cortland, NY 13045

7 Beds

3 Baths

1,720 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,720 sqft

Price per Sqft $133

MLS Listing ID S1727553

Bedrooms 7

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1880

Annual Tax Amount $6,825

Lot Size 5,501 Sqft

Acres 0.1263

Lot Dimensions 44X125

Property Sub-Type Multi Family

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!

Location

State NY

County Cortland

Area Cortland-110200

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Carpet, Hardwood, Tile, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Electricity Available, Electricity Connected, Sewer Connected, Water Connected

Building

Lot Description Rectangular, Rectangular Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Aluminum Siding

Construction Status Existing

Schools

School District Cortland

Others

Senior Community No

Tax ID 110200-086-073-0002-018-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1727553

Listed by Hage Real Estate 704.241.8799

Nearby Locations

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Mark Gilbo

Mark Gilbo

NY & FL Broker License ID: 10491206207

+1(315) 804-4847

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24 Reynolds AVE