163 Ridge Rd - Multi-Family FOR SALE


Lansing, NY 14882
$660,000 USD
607-857-3864
163 Ridge Rd, Lansing, NY for Sale
$660,000 USD
Multi-Family - FOR SALE
1/34
null | 8.57% Cap Rate

163 Ridge Rd
Lansing, NY 14882


HIGHLIGHTS

  • Phenomenal location 5-minute drive from Cayuga Lake
  • Gross income $101,542/year
  • 12 minutes from downtown Ithaca
  • Highly desirable vacation destination
  • Located in close proximity to two universities
  • Renovated from top to bottom in 2023

OVERVIEW

This charming Lansing triplex has been fully renovated an optimized for short and midterm rental. Guests love the proximity to Myer's Park alongside the convenience of shopping and restaurants. The main unit has a fireplace, bright and airy layout, a fully updated kitchen with bar seating and open dining area, and covered raised deck. The lower unit has a second luxurious fireplace, a walkout covered patio, truly open kitchen and living space, and cozy bedrooms. Both units are fully furnished in mid-century-modern style, and have custom lighting and fixtures. This property is a legal three-unit, but is currently utilizing two; buyer may have ability to add an ADU.

FOR SALE DETAILS

PRICE

$660,000 USD

PRICE/SF

$233 USD /SF

# OF UNITS

3

PRICE/UNIT

$220,000

CAP RATE

8.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beautiful Finger Lakes STR

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R2

APN/PARCEL ID

503289-035-000-0001-002-000-0000

ASK ABOUT THIS PROPERTY

Steph JacobsonYaman Commercial IndustrialMore Info
607-857-3864

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Steph JacobsonYaman Commercial IndustrialMore Info
607-857-3864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.