241 Decatur Street, Corning City

Description

A well-kept 2-unit property in a highly convenient Corning location, 241 Decatur St offers practical upside for investors or an owner-occupant looking to offset housing costs with rental income. Priced at $150,000, this property presents an accessible opportunity in a walkable neighborhood close to grocery stores, Market Street, downtown Corning, restaurants, shops, museums, and everyday amenities.

The first-floor unit includes 2 bedrooms and 1 full bath, while the second-floor unit offers 3 bedrooms and 1 full bath. Each apartment has its own laundry facilities, and utilities are separately metered and tenant-paid, with the owner currently responsible for water/sewer. Replacement windows, vinyl siding and a 2010 roof add meaningful value, while the overall setup offers a straightforward ownership structure for long-term rental use.

The upstairs unit is occupied by a stable, long-term tenant of approximately 6 years, currently paying below-market rent and receiving a $100/month discount for lawn care and snow removal. This provides immediate income in place, along with future potential as rents are adjusted over time. The lower unit will be vacated shortly; with 2 larger bedrooms, a full laundry, kitchen and living room on the first level, this will be quick and easy to fill!

The property may also be appealing for an owner occupant who wants to live in one unit while using income from the other to help pay the mortgage.

With separate utilities, in-unit laundry for both apartments, a strong walkable location, and practical rental upside, this Decatur St duplex offers the kind of fundamentals investors look for without requiring a purely speculative play. A solid Corning income property with flexibility, existing tenancy, and long-term potential.