Address
512 University Avenue, Ithaca-City, NY
Price
$ 595,000
Property Attributes
- MLS#R1540647
- TypeSingle Family
- CountyTOMPKINS
- CityIthaca-City
- AreaIthaca-City
- NeighborhoodSection 341
- Zip14850
- StyleDuplex
- Year Built1900
- Taxes$ 22325
- Price$ 595,000
- Bedrooms6
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage2535
- Lot Size0.1398 Acres
Data Source:
Greater Rochester AOR (GRAR)
Property Description
Fantastic real estate investment opportunity beside Cornell's west campus. Route 10 bus line across the street servicing many campus locations and downtown. Future student center planned nearby creating future demand hub. Income for 24/25 leasing period is $70800. Property fully rented since October 2023 for 24/25. Expenses for calendar year 2023 were $29958. Assessed property value for 2025 to drop significantly with positive effect to taxes paid. Turnkey rental property with aesthetic improvements needed at buyers discretion. 3 electric meters and 2 gas meters. 1 electric meter services mec room light and radon fan. 2 boilers and 2 hot water heaters. 1 water meter. Furniture carries with property. Hardwood floors throughout.
| Elementary School |
|---|
| Fall Creek Elementary |
| Price History | |
|---|---|
| 5/24/2024 | Listed $595,000 |
General Features
| Interior Features | Attic |
|---|---|
| Sewer | Connected |
| Heating | Gas,Baseboard |
| Utilities | SewerConnected,WaterConnected |
| Possession | CloseOfEscrow |
| Roof | Asphalt |
| Appliances | GasWaterHeater |
| Garage Spaces | 0.0 |
| Architectural Style | Duplex |
| Security Features | RadonMitigationSystem |
| Construction Materials | WoodSiding |
| Year Built | 1900 |
| Township | Not Applicable |
| Property SubType | Duplex |
| County | Tompkins |
| Net Operating Income | 18517.0 |
| Property Type | Residential |
| Subdivision Name | Section 341 |
| Rent Includes | CommonAreaMaintenance,SnowRemoval,Water |
| Status | Active |
| Directions | None |
| City | Ithaca-City |
| Senior Community Y/N | No |
| High School District | Ithaca |
| NumberOfUnitsTotal | 2 |
| MLS Area | Ithaca-City-500700 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 6090.0 |
| Waterfront Y/N | No |
| Elementary School | Fall Creek Elementary |
| Year Built Details | Existing |
| Tax Annual Amount | 22325.0 |
| Property Condition | Resale |
| Structure Type | Duplex |
| Standard Status | Active |
| Middle/Junior School District | Ithaca |
| Elementary School District | Ithaca |
| Tax Assessed Value | 640000 |
| TaxOtherAnnualAssessmentAmount | 0.0 |
| Tax Lot | 1 |
| Property Sub Type Additional | Duplex |
Interior Features
| Basement | Partial,WalkOutAccess |
|---|---|
| Flooring | Hardwood,Marble,Varies |
| Furnished Y/N | Furnished |
| Total Stories | 2 |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Full Baths | 3 |
| Laundry Features | WasherHookup |
| Total Bedrooms | 6 |
| Total Baths | 3 |
Exterior Features
| Parking Features | OnStreet |
|---|---|
| Lot Features | NearPublicTransit,Rectangular,ResidentialLot |
| Water Source | Connected,Public |
| Lot Size Area | 0.1398 |
| Foundation Details | Stone |
| Building Area Total | 2535.0 |
| Lot Dimensions | 42X145 |
| Lot Size Acres | 0.1398 |
| Road Frontage Type | CityStreet |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 14850
Price
Taxes
Visits
Year Built
The Greater Syracuse Association of REALTORS ®: The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of the CNYIS, powered by CNYIS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS. Real estate listings held by firms other than NextHome CNY Realty, are marked with the IDX logo and detailed information about them includes the Listing Brokers Firm Name.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor NextHome
