The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential. This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.
Multi-familyProperty Type
1980Year Built
2.5 acresLot Size
$135Price/Sq.Ft.
1 spaceParking
Listing by Joan Portzline• Berkshire Hathaway HomeServices Heritage Realty
The purpose of the Rural Residential (RR) District is to define an area of the Town where residential uses situated in a rural landscape constitute the primary land use. Public water and sewer does not exist in this area. Single- and two-family homes are the predominant form of development. Agriculture is also expected to be a substantial land use well into the future.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
8 days above 92° expected this year, 17 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Ithaca, NY • 14850
Average low and high temperatures (°F)
31
20
35
20
53
31
62
40
68
47
81
59
85
64
81
58
77
53
64
43
50
36
37
24
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Feb
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Aug
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Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Ithaca. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
12.6 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 190 Lower Creek Rd
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This home is pending
The seller has accepted an offer, and this property is now pending.