1718 Mecklenburg Road, Ithaca, NY 14850 (MLS # 404088)

Price $870,000
Status Active
Beds 0
Baths 0 Bath
Home size 11,460 sqft
Lot Size 3.00 ac
Days on Market 41
Located 4.8 miles from downtown Ithaca and on the TCAT bus route, this property is an attractive investment opportunity in a healthy rental market. The main building has 11 units and the duplex 2 units -- a mix of efficiency, one, two and three bedrooms. This is a consistent, cash flowing property to add to your investment portfolio and the lot has enough acreage to build additional rental units or single family homes. You could earn $145,000 gross yearly income when all the units are fully rented. A great return on investment. Few zoning restrictions in the Town of Enfield except a site plan review. Total of 3 acres included with sale.
Property Type(s): Multi Family
Last Updated 4/30/2021 Year Built 1980
Community Other County Tompkins

SCHOOLS

School District Ithaca
Elementary School Enfield

Price History

Prior to Apr 30, '21 $945,000
Apr 30, '21 - Today $870,000

Additional Details

APPLIANCES Dishwasher, Refrigerator, Stove-Gas, Washer/Dryer Coin Op
AREA Other
BASEMENT No Basement, Walkout Ext Access, Walkup Ext Access
CONSTRUCTION Existing
GARAGE None
HEAT Radiator
LOT 3.0000 acre(s)
PARKING 11+
SEWER Private Septic
STYLE 11 Units or more
WATER Well

Location

 

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Listing provided by Jala Bayo, Howard Hanna
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2021.

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