Back to Results

MLS# S1330340

Status: Active
1718 Mecklenburg Road
Ithaca, NY 14850

5 + Unit Apartments
Sq Ft Total: 9360
Acres: 14.8200
Year Built: 1980
Contact: Jalamang Bayo
Located 4.8 miles from downtown Ithaca and on the TCAT bus route, this property is an attractive investment opportunity in a healthy rental market. The main building has 11 units and the duplex 2 units -- a mix of efficiency, one, two and three bedrooms. This is a consistent cash flowing property to add to your investment portfolio and the lot has enough acreage to build additional rental units or single family homes. You could earn $145,0000 gross yearly income when all the units are fully rented. A great return on investment. Few zoning restrictions in the Town of Enfield except a site plan review. Total of 10 acres included with the sale.

Additional Features

School District Name:Ithaca
Number of Stories:2.0000
Lot Square Footage:645559
Year Built Description:Existing
Assessed Value:610000
Total Taxes:17119
Lot Dimensions Depth:1215
Lot Dimensions Frontage:392
Lot Information:Agricultural District,Corner Lot,Green Area,Near Bus Line,Primary Road,Wooded Lot
Basement Description:Exterior Walkout,Exterior Walkup/Bulkhead Doors,Slab
Floor Description:Ceramic-Some,Hardwood-Some,Wall To Wall Carpet-Some
HVAC Type:Forced Air,Steam
Heating Fuel Description:Propane
Sewer Description:Septic
Kitchen Equip Appl Included:Cooktop - Gas,Dishwasher,Dryer,Freezer,Washer
Exterior Construction:Concrete Block,Stucco,Vinyl
Roof Description:Asphalt,Metal
Driveway Description:Stone/Gravel
Additional Interior Features:Ceiling Fan,Electrical Fuses - some,Security System - Owned
Additional Exterior Features:High Speed Internet
Amenities Included:Coin Laundry
Rent Includes:Cooking Gas,Grounds Maintenance,Refuse Removal,Snow Removal
Type:Other - See Remarks
Certificateof Occupancy:Supplied