Skip to main content
Back to Search Results
|

24-26 South Avenue, Cortland, NY 13045

For Sale

$375,000

15 beds • 7,392 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $50.73
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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
MLS# 331607

Courtesy Of Yaman Real Estate

(607) 692-3665

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch
  • Architecture Style
    Other
  • Exterior Type
    Brick, Stone
  • Floor Covering
    Carpet, Hardwood, Laminate, Vinyl, Wood
  • Heating System
    Forced Air
  • Lot Size
    0.23 Acres

Map and Directions

Directions to 24-26 South Avenue, Cortland, NY 13045

Home seller CENTURY 21 North East

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 North East

(607) 757-2100
Learn More About Us

Mortgage Calculator

$
$ %
Loan Term
%
Invalid number

$ /year
$ /year
$ /month

Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 Greater Binghamton Association of Realtor. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.