220 Eddy ST, Ithaca, NY 14850
220 Eddy ST, Ithaca, NY 14850
220 Eddy ST, Ithaca, NY 14850
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$1,800,000
Est. payment /mo
18 Beds
6 Baths
5,350 SqFt
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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,350 sqft

Price per Sqft $336

Subdivision Section 68

MLS Listing ID R1723436

Style Fourplex

Bedrooms 18

Full Baths 6

Construction Status Existing

HOA Y/N No

Year Built 1899

Annual Tax Amount $32,736

Lot Size 7,422 Sqft

Acres 0.1704

Lot Dimensions 64X116

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire an established income producing student housing investment in the heart of Ithaca's highly sought after Collegetown! Ideally situated on Eddy Street, just moments from Cornell University, this property features 18 bedrooms, 6 bathrooms, 4 kitchens, and 4 living areas. Rented for the 2027 - 2028 academic year, the property offers established rental income with future rental commitments in place. Tenants responsible for all utilities. An exceptional opportunity for investors seeking a well-positioned property in Ithaca's Cornell rental market.

Location

State NY

County Tompkins

Community Section 68

Area Ithaca-City-500700

Rooms

Basement Full, Finished

Interior

Interior Features Attic

Heating Gas, Baseboard, Forced Air

Flooring Carpet, Hardwood, Laminate, Varies

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Foundation Stone

Sewer Connected

Water Connected, Public

Architectural Style Fourplex

Structure Type Other,See Remarks

Construction Status Existing

Schools

Elementary Schools Belle Sherman

School District Ithaca

Others

Senior Community No

Tax ID 68.3-5

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard


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Listed by Berkshire Hathaway HomeServices Heritage Realty 607-428-0708
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220 Eddy ST