512 UNIVERSITY AVE
ITHACA, NY 14850

$595,000

6 Beds

3 Baths

2,535 Sq Ft

Status Active

MLS# R1540647

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.

Details for 512 UNIVERSITY AVE

$235 / Sq Ft

0 parking spaces

Gas, Baseboard

24 Days on website

0.1398 acres lot

Interior

Appliances

Gas Water Heater

Bathrooms Full

Bathrooms Total

Bedrooms Total

Flooring

Hardwood, Marble, Varies

Interior Features

Attic

Laundry Features

Washer Hookup

Living Area

2,535 SqFt.

Building And Construction

Number Of Units Total

Property Sub Type

Duplex

Property Type

Residential

Security Features

["Radon Mitigation System"]

Year Built

1900

Exterior And Lot

Lot Features

Near Public Transit, Rectangular, Residential Lot

Lot Size Acres

0.1398

Lot Size Square Feet

6090

Lot Size Units

Acres

Parking Features

On Street

Utilities

Heating

Gas, Baseboard

Area And Schools

City

Ithaca

County Or Parish

Tompkins

Elementary School

Fall Creek Elementary

School District

Ithaca

Subdivision Name

Section 341

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$22,325