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Shawn Cregg

creggrealty@gmail.com +1(315) 391-3806

$570,000

Est. payment - /mo

4 Beds

4 Baths

2,713 SqFt

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,713 sqft

Price per Sqft $210

MLS Listing ID R1668595

Style Fourplex

Bedrooms 4

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1985

Annual Tax Amount $8,774

Lot Size 1.470 Acres

Acres 1.47

Lot Dimensions 208X512

Property Sub-Type Multi Family

Property Description

Here's a solid investment opportunity in the heart of Ellis Hollow, just minutes from Cornell's Vet School! First time on the market since 1998, this is a side-by-side 4-unit rental property that is fully rented through July 31, 2026 earning $64,800 annual gross income! Attractive log design with covered front porch with ample parking for tenants and guests. Each unit is rented for $1,350 + utilities (all separate) and are in great condition overall. Main level spaces in each unit include a living room open to kitchen and full bath with tub/showers. Upstairs there is 1 bedroom plus a large office room/sitting room. Outside space for tenants in each unit too - concrete back patios with privacy walls between each unit. Oversized 1.47 acre lot with wooded views. Many recent improvements including septic (2024), well pump (2022), windows, roofing. The owners have taken great care of this property throughout the years. They also lived in Unit 4 upon first purchase so it's a flexible option for a new owner. Unit 1 may be vacating to allow owner occupancy earlier than July (tenant is still obligated to pay lease through July otherwise). Fully rented throughout the years with no significant vacancy rates!

Location

State NY

County Tompkins

Area Dryden-502489

Direction From East Hill Plaza, take Ellis Hollow Road, just past Hungerford on the right (before Quarry)

Rooms

Basement Crawl Space

Interior

Interior Features Natural Woodwork

Heating Gas, Other, See Remarks, Wall Furnace

Cooling Other, See Remarks

Flooring Carpet, Ceramic Tile, Varies, Vinyl

Fireplace No

Window Features Thermal Windows

Appliance Gas Water Heater

Exterior

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available

Roof Type Asphalt,Membrane,Rubber,Shingle

Porch Covered, Porch

Building

Lot Description Irregular Lot

Story 2

Foundation Block

Sewer Septic Tank

Water Well

Architectural Style Fourplex

Level or Stories Two

Structure Type Frame,Log,Wood Siding,Copper Plumbing,PEX Plumbing

Construction Status Existing

Schools

Elementary Schools Caroline Elementary

Middle Schools Dewitt Middle

High Schools Ithaca Senior High

School District Ithaca

Others

Senior Community No

Tax ID 67.-1-64.2

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Warren Real Estate of Ithaca Inc.

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Shawn Cregg

+1(315) 391-3806

NY Agent | License ID: 10401284942

NY Agent License ID: 10401284942

1283 Ellis Hollow RD Ithaca, NY 14850

Shawn Cregg

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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