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!

Property Features

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