For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $530,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,915 sqft
Price per Sqft $181
MLS Listing ID R1553707
Sold Date 10/29/24
Style Fourplex
Bedrooms 4
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1975
Annual Tax Amount $8,470
Lot Size 0.439 Acres
Acres 0.4392
Lot Dimensions 100X190
Property Description
Solid 4-unit investment rental with excellent rental history just outside the City of Ithaca. Fully leased through July 2025 with $66,000 gross income. Less than 1% vacancy over the past 24 years! Well maintained overall with newer windows, several units with updated kitchens, hardwood flooring in 3 of 4 units, LVT flooring in 1 unit. Some natural woodwork; 1 unit with exposed brick in kitchen; 1 unit with covered porch for entry/access. 3-car covered garage parking spaces and 4th garage space under house (full basement has potential for laundry hookups). Driveway is circular with ample off-street parking. Walk up attic for dry storage. Vinyl siding adds to low maintenance capital costs. Close to downtown Ithaca, Ithaca College and Cornell University. Rents include heat & electric, hot water, lawn mowing, snow removal. Tenants pay for their own garbage removal, laundry, cable/internet. Showings allowed with 24 hour notice as per NYS Rental Laws. Invest in Ithaca!
Location
State NY
County Tompkins
Area Ithaca-Town-503089
Direction Just past the City line, across from Coddington Road/Rogan's Corner
Rooms
Basement Full, Walk-Out Access
Interior
Heating Gas, Hot Water, Steam
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Window Features Thermal Windows
Appliance Gas Water Heater
Exterior
Garage Spaces 3.0
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Garage Yes
Building
Lot Description Near Public Transit, Rectangular
Story 2
Foundation Poured
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Frame,Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
Elementary Schools South Hill
Middle Schools Boynton Middle
High Schools Ithaca Senior High
School District Ithaca
Others
Senior Community No
Tax ID 503089-040-000-0003-006-000-0000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with PPM Homes LLC