204 W Spencer St - Apartments FOR SALE


Ithaca, NY 14850
$2,100,000 USD
607-257-0800
204 W Spencer St, Ithaca, NY for Sale
$2,100,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

204 W Spencer St
Ithaca, NY 14850


OVERVIEW

Offered for the first time in nearly half a century, this exceptionally well-maintained multifamily portfolio has been in the same family for 49 years. The property includes a total of 19 fully rented apartment units, each with dedicated parking. Located in the heart of Ithaca - close to public transportation, shopping, restaurants, Ithaca College, and Cornell University. This is an unbeatable investment in one of the most sought -after rental markets in the area. Addresses included: 204, 206, 208, & 210 W Spencer Street, Package Price of 2.1M. Long - term care, numerous updates, a prime location, and strong rental history make this a rare opportunity you won't want to miss.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

19

PRICE/UNIT

$110,526

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

-

APN/PARCEL ID

500700-093-000-0006-008-000-0000,500700-093-000-0006-009-000-0000

ASK ABOUT THIS PROPERTY

Zoe LeonardHoward HannaMore Info
607-257-0800

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Zoe LeonardHoward HannaMore Info
607-257-0800

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