Price $1,475,000
Status Active
Beds 16
Baths 8 Baths
Home size 7,434 sqft
Lot Size 26,136 sqft
Days on Market 81
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*
Property Type(s): Single Family
Last Updated 1/10/2022 Year Built 0
Community South Hill County Tompkins


School District Ithaca
Elementary School South Hill

Price History

Prior to Jan 10, '22 $1,500,000
Jan 10, '22 - Today $1,475,000

Additional Details

AIR Ceiling Fan
APPLIANCES Convection Oven, Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Stove-Gas, Washer
AREA South Hill
BASEMENT Crawl Space, Dirt Floor, Partial/Mixed
EXTERIOR Deck, Patio, Porch, Public Sidewalk
HEAT Furnace, Natural Gas
INTERIOR Cable TV, CO Detector, High Speed Int Avail, Pantry, Smoke Detector, Window Covering(s)
LOT 0.6000 acre(s)
SEWER Municipal-Existing
STYLE 1.5 Story/Cape Cod, 2 Story
WATER Municipal-Existing



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Listing provided by Alanie Woodin, RE/MAX In Motion
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