104 LAKE AVE Ithaca, NY 14850

Unique opportunity. Profitable. Distinctive Downtown Income Property: 11BR, 3.5 Bath Rooming House in great location. 5 minute walk to Ithaca Commons. At the corner of Cascadilla Street and Lake Avenue. Next to Cascadilla Creek and Thompson Park. Back in the day, it was a Ithaca College residence hall for women -- Cascadilla Hall -- when the campus was downtown. It has been a successful rooming house for over 50 years. Other possible uses: Airbnb, co-living OR could be converted back to a spacious Duplex. Hardwood floors. Original Woodwork. High Ceilings. Large Living Room. Office. Two Staircases. Well maintained: Many Replacement Windows. High Efficiency Furnaces. 200 Amp Electric. Sprinkler System. Dry basement. Walk-up attic. Two porches. Back Deck. Small low-maintenance yard. Plenty of on-street parking. Current Certificate of Compliance. Zoned R-2: So much potential!