1335 Cornell Avenue

Excellent opportunity to acquire income-producing 4-unit investment property with an estimated $27,000 annual NOI and a 5.14 CAP rate. The property consists of two 2-bedroom/1-bath units and two 1-bedroom/1-bath units, offering a desirable mix of unit sizes. Originally constructed in 1949 as the 7-unit Sage Motel, the property was converted to apartments in 2005 and operated as multifamily housing through 2016. Between 2018 and 2019, the property underwent an extensive renovation, including a new roof, plumbing, electrical, doors, Low-E double-pane windows, flooring, paint, water heaters, appliances, and numerous additional improvements, creating attractive, low-maintenance units. Each apartment is separately metered for gas and electricity, helping reduce operating expenses. The property includes approximately 2,184 square feet in the main building plus a 130-square-foot detached laundry/storage building. Commercial zoning provides exceptional flexibility for investors and

• Type C
• Price $499,000
• Lot Size 0.22
• Square Feet 2184
• Status Active
• Year Built 1949
• Property Type Quadruplex

• Oven, Dryer, Gas Range, Refrigerator, Washer
• Level

• Contact Josh 775-220-1630

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