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Sold for $607,000 on 11/08/23
  • $607,000

    508 University Ave, Ithaca, NY 14850

    8beds
    0baths
    2,452sqft
    Multi Family
    Built in 1895
    -- sqft lot
    $638,800 Zestimate®
    $248/sqft
    $3,208 Estimated rent

    What's special

    This house was built as a rooming house and income property by Evelyn Powelson, who lived at 504 University. This house has 5 units, legal for 12 unrelated tenants. Owner working on new C of C, including fresh electrical cert. Gross income is $81,200 includ. $2k annually from 2 washers and 3 dryers in laundry. Tenants in neighboring bldgs also use laundry machines. 2 Navien combo boilers/hot water heaters; one serves ground floor apt and the other heats the other units.One of the Naviens makes hot water for the laundry. Seller pays for all heat and hot water, including laundry. 2 units on main level pay their own electric, but landlord pays all other electricity. Apts are provided partially furnished; seller to provide inventory of furniture and appliances.

    Zillow last checked: 7 hours ago

    Listing updated: June 24, 2024 at 09:18am

    Listed by:

    Carol Bushberg 607-279-4530,

    Carol Bushberg Real Estate,

    Edward Finegan 607-279-0234,

    EDWARD J FINEGAN

    Bought with:

    Carol Bushberg, 10301223410

    Carol Bushberg Real Estate

    Source: NYSAMLSs,MLS#: IB408818MLS LogoOriginating MLS: Ithaca Board of Realtors

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 0
    Heating
    • Gas, Separate Meters, Baseboard, Hot Water
    Cooling
    • Separate Meters
    Appliances
    • Included: See Remarks
    • Laundry: Common Area, Coin-operated
    Features
    • Ceiling Fan(s)
    • Basement: Full,Partially Finished,Walk-Out Access
    Interior area
    • Total structure area: 2,452
    • Total interior livable area: 2,452 sqft

    Property

    Parking
    • Parking features: Concrete, No Driveway, Off Site, Other, Parking Available, One Space, On Street, See Remarks, Two or More Spaces
    Lot
    • Size: 6,969 sqft
    Details
    • Parcel number: 500700 32.21

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • Year built: 1895

    Utilities & green energy

    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Laundry Facilities
    Location
    • Region: Ithaca
    • Subdivision: University Hill Historic

    Other

    Other facts
    • Listing terms: Conventional
    Services availability