Listing Courtesy of: Robert Armstrong - PPM Homes LLC
607-272-1765
$595,000
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512 University Ave Ithaca, NY 14850
Duplex
Residence
6
Beds
3
Baths
2,535
Sq. Ft.
0.14
Acre
Lot
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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.
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MLS#
R1540647
Property Type
Duplex
Bedrooms
6
Bathrooms
3 Full
Year Built
1900
Square Feet
2,535
sq. ft
Lot Size
0.14
Sewer
Sewer Connected
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