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16 South Avenue, Cortland, NY 13045
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$135,000
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Home Details for 16 South Avenue
Price
$135,000
Type
Multi Family
Bedrooms
5
Total Bathrooms
2
Full Bathrooms
2
Year Build
1890
Sq. Ft.
1940
Lot Size
0.1779
County
Cortland
Garage
2
Basement
Full
Tax
$2,284
MLS®️ Listing#
S1618978
On exitrealty.com
155 days
Property Description
Dual-unit duplex just steps from SUNY Cortland and downtown—an ideal rental property or starter portfolio asset. The home features 2?BR/1?BA and 3?BR/1?BA units, both fully rented with separately metered utilities and landlord-covered water/sewer. Recently updated heating and low-maintenance systems help streamline operations. Shared driveway provides adequate parking. Priced at $135,000 with a strong 13.3% cap rate and immediate cash flow. Can be sold individually—or bundled with 24–26 South Ave and 35 Clinton St for investors seeking scale and diversification.
- Heating Information
- Natural Gas
- Forced Air
- Utilities
- Sewer Connected
- Water Connected
- Water Features
- Public
- Basement
- Full
Listing Courtesy: Yaman Real Estate - 607.372.3214. Presented by: Heriberto Pezzino
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, Inc., GENRIS and WNYREIS. Real estate listings held by firms other than EXIT Realty, are marked with the IDX logo and detailed information about them includes the Listing Broker?s Firm Name.IDX information is provided exclusively 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. This data is deemed reliable by is not guaranteed accurate by the MLS.
? 2024 CNYIS, Inc., GENRIS and WNYREIS All rights reserved.
Fair Housing NoticeLast Updated: 2025-12-08 12:16:52
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