3 adjacent duplex's being sold all as a package deal! Excellent investment opportunity 2 blocks to Downtown Ithaca Commons and a 5-10 minute drive to both Ithaca College and Cornell University. Gross income for '19-'21: averages $150k per year. Each house has a current certificate of compliance. Each property has had 100% occupancy since current landlord has owned the properties. 7 of the 16 bedrooms have been rented through June 2023 at $800 a bedroom plus utilities. 215-217 Prospect St had over $50k worth of capital improvement in 2019. 207 Prospect St roof was replaced in 2019. New windows throughout each unit.1 1/2 Car garage ideal for storage. All units come fully furnished with coin-less washer/dryer, separate gas and electric meters (that the tenants are responsible for),and ample off street parking. Tenants are also responsible for trash and recycling.See attached documents for break down of each unit for 2021.*** NOT FOR SALE INDIVIDUALLY MUST BE PURCHASED AS PACKAGE DEAL***
Off market
$422,500
207 Prospect St, Ithaca, NY 14850
6beds
0baths
7,434sqft
MultiFamily
Built in 1861
-- sqft lot
$422,500 Zestimate®
$57/sqft
$3,175 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 0
Heating
- Forced air
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 7,434 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Composition
Lot
- Size: 0.60 Acres
Details
- Parcel number: 5007008222
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1861
Community & neighborhood
Location
- Region: Ithaca