$570,000
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6 Beds
3 Baths
2,535 SqFt
SOLD DATE : 01/17/2025
Key Details
Sold Price $570,000
Property Type Single Family Home
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,535 sqft
Price per Sqft $224
Subdivision Section 341
MLS Listing ID R1540647
Sold Date 01/17/25
Style Duplex
Bedrooms 6
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $22,325
Lot Size 6,089 Sqft
Acres 0.1398
Lot Dimensions 42X145
Property Sub-Type Duplex
Property Description
Fantastic real estate investment opportunity beside Cornell's west campus. Route 10 bus line across the street servicing many campus locations and downtown. Future student center planned nearby creating future demand hub. Income for 24/25 leasing period is $70800. Property fully rented since October 2023 for 24/25. Operating expenses for calendar year 2023 were $7631. Assessed property value for 2025 to drop significantly with positive effect to taxes paid.
Turnkey rental property with aesthetic improvements needed at buyers discretion. 3 electric meters and 2 gas meters. 1 electric meter services mec room light and radon fan. 2 boilers and 2 hot water heaters. 1 water meter. Furniture carries with property. Hardwood floors throughout.
Location
State NY
County Tompkins
Community Section 341
Area Ithaca-City-500700
Direction None
Rooms
Basement Partial, Walk-Out Access
Interior
Interior Features Attic
Heating Gas, Baseboard
Flooring Hardwood, Marble, Varies
Furnishings Furnished
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Near Public Transit, Rectangular, Residential Lot
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Structure Type Wood Siding
Construction Status Existing
Schools
Elementary Schools Fall Creek Elementary
School District Ithaca
Others
Senior Community No
Tax ID 500700-032-000-0001-001-000-0000
Security Features Radon Mitigation System
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with Warren Real Estate of Ithaca Inc.