Excellent investment opportunity within minutes of the Ithaca Commons. 8 unit apartment complex on over 2 acres of park-like surroundings. Each apartment has 2 bedrooms with a full and a half bathroom. Ten minutes to Cornell University. This investment property generates approximately $100,000 /year in rent. Coin-op laundry conveys with sale and provides additional income. These apartments are housed in two two-story buildings and offer 7200 total square feet of rentable space. Coin-op laundry on the first floor of one of the two buildings.
Multi-familyProperty Type
1980Year Built
2.15 acresLot Size
$108Price/Sq.Ft.
Listing by Richard Glabach• Warren Real Estate of Ithaca Inc. (Downtown)
Bought with Andrew Schreck• Warren Real Estate of Ithaca Inc. (Downtown)
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Tompkins County
APN
42.-1-40.112
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Jul 16, 2024.
NR
Neighborhood Residential District
The purpose of the Neighborhood Residential (NR) District is to define areas of the Town where established neighborhoods are situated in a rural landscape and constitute the primary land use. Single-family homes are the predominant form of development, and future development is unlikely. Home occupations are the primary commercial activity in this district. Agriculture is an allowed use in this district.
Property details
Parking
Parking/Garage Information
Parking Features: Driveway, Asphalt
Interior
Heating & Cooling
Has Heating
Heating: Baseboard, Natural Gas
Interior Features
Appliances: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Flooring: Hardwood, Varies, Vinyl
Room Information
Laundry Features: Common Area
Basement Details: None
Exterior
Exterior Features
Exterior Features: Private Yard
Roof: Asphalt
Building Information
Sq. Ft.: 7200
Levels: Two
# of Stories Total: 2
Construction Materials: Aluminum Siding, Block, Frame, Concrete
Foundation Details: Slab
Property Features
Other Structures: Barn(s), Outbuilding
Property Information
Property Type: Residential Income
Property Sub Type: Multi Family
Raw Mls Property Sub Type: Other
Lot Information
Lot Size Dimensions: 340 x 275
Lot Size Units: Acres
Financial
Tax Information
Tax Annual Amount: $15,354
Utilities
Utility Information
Water Source: Well
Sewer: Septic Tank
Location
Schools Information
Elementary School District: Dryden
Elementary School: Freeville Elementary
Middle Or Junior School District: Dryden
High School District: Dryden
Location Information
Directions: Head north on Route 13 from Ithaca. Take a left turn onto Hanshaw Road, then a right turn onto Etna Road and another right turn onto Pinckney Road. Property will be on the right.
Cross Street: Etna Rd
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Tompkins County
APN: 42.-1-40.112
Home facts updated by county records on Jul 16, 2024
Other
Listing Information
List AOR: IthacaBoardOfRealtors
Around this home
Schools
Freeville Elementary School
Public K-3 • Assigned • 3.6mi
5/10
Dryden Middle School
Public 6-8 • Assigned • 5.1mi
5/10
Dryden High School
Public 9-12 • Assigned • 5.1mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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
7 days above 93° expected this year, 16 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
65
81
58
77
55
64
43
50
36
37
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
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Sun exposure
In this area, properties receive around 9.1 hours in
June and 2.4 hours in December, placing it below the
U.S. average for solar exposure.