133 Linden AVE, Ithaca, NY 14850
133 Linden AVE, Ithaca, NY 14850
133 Linden AVE, Ithaca, NY 14850
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$995,000
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2 Beds
2,510 SqFt
Price Dropped by $105K

133 Linden AVE Ithaca, NY 14850

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Rooming House

Listing Status Active

Purchase Type For Sale

Square Footage 2,510 sqft

Price per Sqft $396

MLS Listing ID R1654545

Bedrooms 2

Construction Status Existing

HOA Y/N No

Year Built 1975

Annual Tax Amount $18,613

Lot Size 4,713 Sqft

Acres 0.1082

Lot Dimensions 49X96

Property Sub-Type Rooming House

Property Description

Positioned within walking distance to the vibrant center of Cornell University's Collegetown, this fully leased 8-bedroom rental property offers a rare investment opportunity with remarkable income potential. With proximity to one of the nation's most prestigious institutions, the property is ideally situated to attract consistent demand from students and faculty alike. Currently generating steady rental income and fully occupied through the 2025 school year, this property delivers immediate cash flow. But it doesn't stop there—the potential for value-add improvements makes this a prime opportunity for savvy investors to increase returns. Adjacent property at 129 Linden Ave is also for sale. Both properties benefit from flexible CR3 zoning allowing for 3 stories of construction for future redevelopment.

Location

State NY

County Tompkins

Area Ithaca-City-500700

Direction Linden Ave, East side of street close to intersection of Bool St.

Rooms

Basement Walk-Out Access

Interior

Heating Gas, Forced Air

Flooring Laminate, Varies, Vinyl

Fireplace No

Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Exterior

Exterior Feature Gravel Driveway

Community Features None

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt,Shingle

Garage No

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Composite Siding

Construction Status Existing

Schools

Elementary Schools Belle Sherman

School District Ithaca

Others

Senior Community No

Tax ID 500700-067-000-0003-025-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna S Tier Inc 607-342-2148

NEARBY SCHOOL & BUSINESS

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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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