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Tim Riordan

tim@realestate716.com +1(716) 575-5969

$ 1,350,000

Est. payment -/mo

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Pending

190 Lower Creek RD Ithaca, NY 14850

16 Beds

10,000 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $135

MLS Listing ID S1682166

Bedrooms 16

Construction Status Existing

HOA Y/N No

Year Built 1980

Annual Tax Amount $43,887

Lot Size 2.500 Acres

Acres 2.5

Lot Dimensions 163X731

Property Sub-Type Other

Property Description

The approximately 10,000-square-foot building consists of sixteen one-bedroom apartments in a single-story layout with significant upside potential. Constructed and continuously owned by the same family, the property reflects exceptional pride of ownership and long-term care. The building has been consistently maintained and improved as needed, resulting in excellent overall condition and historically strong occupancy. June 30 expiration of many leases, which will become month to month rentals, allows new owner to adjust income after the transfer of title. Situated well back from the road in a peaceful setting, the property features blacktop parking, expansive lawn areas, and strong visual appeal. This apartment complex lends itself well to a 1031 like-kind exchange or as a long-term investment opportunity, offering stable cash flow and future appreciation potential.This is a rare opportunity to acquire a fully occupied, professionally maintained multi-family asset with dependable income and clear potential for future revenue enhancement.

Location

State NY

County Tompkins

Area Dryden-502489

Direction Rt 366 near Etna turn on Etna Lane, left on to Lower Creek Rd, property on right past Wood Rd. Look for sign. Enter into the paved driveway continue across the gravel drive into the paved parking lot. Look at attached map.

Rooms

Basement None

Interior

Interior Features Ceiling Fan(s), Bedroom on Main Level

Heating Electric, Baseboard

Flooring Carpet, Ceramic Tile, Laminate, Varies, Vinyl

Fireplace No

Appliance Built-In Range, Built-In Oven, Electric Water Heater, Refrigerator, See Remarks, Water Heater, Water Softener Owned

Laundry Coin-operated

Exterior

Exterior Feature Blacktop Driveway

Community Features Laundry Facilities, None

Utilities Available Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available

Roof Type Shingle

Handicap Access Accessible Bedroom, No Stairs, Accessible Entrance

Garage No

Building

Lot Description Irregular Lot, Residential Lot, Secluded

Story 1

Sewer Other, Septic Tank, See Remarks

Water Well

Level or Stories One

Additional Building Barn(s), Outbuilding

Structure Type Brick,Frame,Wood Siding

Construction Status Existing

Schools

Elementary Schools Dryden Elementary

Middle Schools Dryden Middle

High Schools Dryden High

School District Dryden

Others

Senior Community No

Tax ID 502489-044-000-0001-003-044-0000

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1682166

Listed by Berkshire Hathaway HomeServices Heritage Realty 607.227.4219

Tim Riordan

190 Lower Creek RD Ithaca, NY 14850

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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190 Lower Creek RD