Ithaca, NY 14850,316 W Seneca ST
Ithaca, NY 14850,316 W Seneca ST
Ithaca, NY 14850,316 W Seneca ST
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$554,900
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5 Beds
4 Baths
2,747 SqFt
Price Dropped by $5K

316 W Seneca ST Ithaca, NY 14850

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,747 sqft

Price per Sqft $202

MLS Listing ID R1638081

Style Triplex

Bedrooms 5

Full Baths 3

Half Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1860

Annual Tax Amount $11,734

Lot Size 7,274 Sqft

Acres 0.167

Lot Dimensions 55X132

Property Sub-Type Multi Family

Property Description

This dynamic triplex in the heart of downtown Ithaca is a short walk from restaurants, boutiques and Cornell University on one side and Wegmans and retail shopping galore on the other.

This 3-unit features an occupied studio downstairs, an occupied 1BR downstairs, and an occupied 3 BR upstairs, making this an ideal investment property, as all rooms are generating income and rented through July 31. Best of all, the certificate of occupancy is good until Sept 2026 and one tenant has been there seven years, so you have the security of a long term renter. New boiler 3 years ago and a new hot water heater last year. Utilities except phone/cable/internet included. The main roof was replaced/redone in April 2014.

In the 3-bedroom apt upstairs, window air conditioning unit is provided for each bedroom and living room. Porch roofs are 2 years old. 3 bedroom and studio come furnished.

Net operating income is over $36,000! Gross income is $55,920!

All leases end 7/31/26 with option to renew.

Location

State NY

County Tompkins

Area Ithaca-City-500700

Direction From Route 13, take the exit toward Meadow Street/NY-13 Business and follow signs into downtown. Continue south on Meadow Street and turn left onto West Seneca Street. Proceed just a few blocks east until 316 W Seneca Street.

Rooms

Basement Full

Interior

Interior Features Window Treatments

Heating Gas, Hot Water

Cooling Window Unit(s), Wall Unit(s)

Flooring Carpet, Hardwood, Varies, Vinyl

Furnishings Furnished

Fireplace No

Window Features Drapes

Appliance Gas Water Heater

Exterior

Exterior Feature Private Yard, See Remarks

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Flat,Membrane,Rubber,Shingle

Garage Yes

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Foundation Block, Stone

Sewer Connected

Water Connected, Public

Architectural Style Triplex

Level or Stories Two

Structure Type Aluminum Siding,Vinyl Siding,Copper Plumbing

Construction Status Existing

Schools

Elementary Schools Beverly J Martin Elementary

School District Ithaca

Others

Senior Community No

Tax ID 500700-060-000-0005-017-000-0000

Acceptable Financing Assumable, Cash, Conventional, FHA, Lender Approval, Rehab Financing, VA Loan

Listing Terms Assumable, Cash, Conventional, FHA, Lender Approval, Rehab Financing, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.vr-360-tour.com/e/PgYBmUJsjhg/e?accessibility=false&dimensions=false&hide_background_audio=true&hide_e3play=true&hide_logo=true&hide_nadir

Listed by Howard Hanna S Tier Inc 6072590021

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 8
  • 7

    Northeast School

    Public | PK - 5

  • 6

    South Hill School

    Public | PK - 5

  • 6

    Belle Sherman School

    Public | PK - 5

  • 5

    Fall Creek Elementary School

    Public | PK - 5

  • 5

    Cayuga Heights Elementary School

    Public | PK - 5

  • 3

    Beverly J Martin Elementary School

    Public | PK - 5

  • 0

    Immaculate Conception School

    Private | PK - 6

  • 0

    Eac Montessori School

    Private | PK - 8

Middle Schools 3
  • 8

    Dewitt Middle School

    Public | 6 - 8

  • 6

    Boynton Middle School

    Public | 6 - 8

  • 5

    Lehman Alternative Community School

    Public | 6 - 12

High Schools 3
  • 7

    Ithaca Senior High School

    Public | 9 - 12

  • 3

    New Roots Charter School

    Public | 9 - 12

  • 0

    Cascadilla School

    Private | 9 - 12

School and business data provided by Attom Data.

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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