Corning Duplex

Discover an exceptional investment at 338 East Second Street, Corning, NY 14830, a historic multi-family residence delivering immediate cash flow in a thriving upstate market. This 1,625 sq ft duplex, featuring a 2/1 and 1/1 unit, generates $2,025/month in rent—fully tenant-paid utilities—against a low $1,260.49 PITI at a locked-in 5% interest rate, yielding $764 monthly cash flow from day one. Acquired via the REsurge Model™ with only $30,000 down, this property sits minutes from the vibrant Gaffer District, with boutique shopping, restaurants, and the iconic Corning Museum of Glass, ensuring strong tenant demand in a market with 4-5% YoY appreciation and under 5% vacancy.

With a purchase price of $187,500 and an ARV of $195,000–$205,000, flip for a quick $10,000–$20,000 profit (5–10% ROI) or hold for $104,840–$114,840 in 5 years (18–20% IRR), driven by $45,840 cash flow and $39,000–$49,000 equity. The 1800 build requires modest updates, but its prime location near I-86 and top-rated schools (William E Severn, 5-star) makes it a cash cow. Contact us to tour or preview the full underwriting prospectus. Don’t miss this chance to own a high-yield, low-entry gem in Corning’s booming market!