Standardized Operating Procedure of Purchase

This duplex at 1103–1105 College Ave is a rare opportunity to secure both immediate income and long-term growth in one of Elmira’s most desirable rental corridors. With one unit currently rented month-to-month at $950, investors benefit from steady cash flow from day one. The second unit has just been finalized, offering flexibility for an owner-occupant or the ability to lease at market rates of $1,200–$1,400, significantly increasing gross rental income potential.

The property’s location is a major driver of demand: just minutes from LECOM Medical School and Arnot Ogden Medical Center, ensuring a consistent tenant pool of medical students, residents, and healthcare professionals. This proximity translates into strong rental stability and premium rates compared to other Elmira neighborhoods.

With projected gross rents of $2,150–$2,350 per month, investors can achieve attractive returns while benefiting from a property that is already cash-flowing. The duplex’s updated finishes, spacious layouts, and professional presentation—including a 3D tour—make it easy to attract quality tenants and minimize vacancy.

Whether you’re seeking a turnkey addition to your portfolio or a smart owner-occupant strategy with rental support, this property delivers a compelling blend of location, income, and appreciation potential.