Upper Collegetown investment opportunity. Well maintained by a caring owner hard to find 7 unit furnished apartment house. Ideal grad student location with good summer rentals for 6 week study courses. Easy to rent: four 1-BR units and three 2-BR units. 10-minute flat walk to Cornell campus. New C of C, city housing & electrical inspection is in progress. Apt. #7 - 2nd fl #5 7/31/19 @925/mo then $950/mo until 1/15/20. Gross income includes 3 summer 2018 rentals,plus parking + coin laundry.
Off market
$847,600
308 Fairmount Ave, Ithaca, NY 14850
--beds
0baths
--sqft
MultiFamily
Built in 1925
-- sqft lot
$847,600 Zestimate®
$--/sqft
$2,716 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Baseboard, Gas
Appliances
- Included: Dryer, Refrigerator, Washer
Property
Details
- Parcel number: 500700 67.62
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 1925
Utilities & green energy
- Water: Municipal-Existing
Community & neighborhood
Community
- Community features: On Site Laundry Available
Location
- Region: Ithaca
Other
Other facts
- AppliancesConvey: See Remarks, Other, Stove-Gas
- BasementFoundation: Block, Walk-Out
- Construction: Wood Frame, Masonry
- Extras: CO Detector, Smoke Detector
- HeatCooling: Hot Water, Boiler
- LakeRightsDescription: No Rights
- SewerSeptic: Municipal-Existing
- State: NY
- WaterSource: Municipal-Existing
- TotalOnSiteParking: 1-3
- Property Sub-Type: 5-10 Units
- Deed Restrictions: Yes