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308 310 Stewart Avenue
Ithaca, NY 14850

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Property Details


List Price: $1,550,000
Beds: --
Baths: --
Status: Active
SqFt: 7200
Agency: CHRISTOPHER GEORGE REAL ESTATE

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Description/Comments


Lot Size: --
Property Type: MultiFamily
Year Built: 1900
Notes: Classic commercial brick bldg. w/long term restaurant tenant occupying main floor + basement. Upstairs has four - 4 bedroom apts. paying separate heat, cooking gas & electricity. Great rental history until Covid19 issues. The best laid plans.... Not fully leased for upcoming school year, but rentals in progress. Planned '20-'21 annual gross was $177,600.00 with each four bedroom unit paying $2200/mo up to $2700/mo, or from $550 to $675 per month per person plus heat, electricity and cooking gas. #1 has 3 rooms leased for one semester. #2 has 4 rooms leased for one semester. #3 has two rooms leased until the end of May, 2021. #4 has 2 rooms leased for 9 months.Total current income from rooms is $44,750. Restaurant income upon request.Natural woodwork in hallways and inside units. Brick fireplaces could be made operable. Building has fire alarm and hall sprinkler systems/


Listing Provided By: CHRISTOPHER GEORGE REAL ESTATE, original listing
Office Phone: (607) 272-8213
Agent Name: Christopher Anagnost


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