24-26 South Avenue, Cortland, NY 13045

Cash-Flowing 4-Unit Investment! Instant income with 15 bedrooms, 4 bathrooms, and over $5,000/month gross rent (13% cap). All 4 units are recently renovated with new water heaters and more upgrades. Features a large parking lot and sits in a high-demand rental market. Perfect mix of turnkey cash flow and value-add potential! Package option: 16 S Ave, Cortland (duplex) and 35–37 Clinton St, Homer (triplex). Combined gross income of $10,500/month with an asking price of $785,000, reflecting a 12% cap rate. Financial Snapshot (from seller pro-forma) Current Gross Rent: $5,180/mo ($62,160/yr) Market Gross Rent: $5,480/mo ($65,760/yr) Annual Expenses: $13,501 Taxes $4,353 • Insurance $1,274 • Repairs $4,426 • Maintenance $1,360 • Utilities $1,213 • Management $875 Current NOI: $48,659/yr ? 13% cap at list Pro-Forma NOI (at market rents): ˜ $52,259/yr ? 14% cap at list