1103-1105 College Ave
Multifamily | 2 Units | $95,000/unit
Marketing description
Presented by Andrew Mitchell
Mitchell’s Southern Tier Properties | The Hughes Structures Team
KW Southern Tier & Finger Lakes
📍 Property Overview
Duplex located near LECOM Medical School and Arnot Ogden Medical Center
One unit rented month-to-month at $950
Second unit newly renovated — ready for owner occupancy or market rent of $1,200–$1,400
Updated finishes and spacious layout
3D Tour: View Tour
💰 Financials
Gross Annual Income: $25,800–$28,200
Operating Expenses (self-managed): $9,750–$10,450
Net Operating Income (NOI): $16,050–$17,750
List Price: $189,999
Cap Rate: 9.17%–10.14%
🔑 Investment Highlights
Prime location near Elmira’s medical corridor
Strong rental demand from students and healthcare professionals
Flexible occupancy: live in one unit or lease both
Updated interiors and professional presentation
Excellent cash flow and appreciation potential
Investment highlights
Gross Annual Income: $25,800–$28,200
Operating Expenses (self-managed): $9,750–$10,450
Net Operating Income (NOI): $16,050–$17,750
List Price: $189,999
Cap Rate: 9.17%–10.14%
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