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116 Cook St 2 Unit Apartment Building $895,000 ($447,500/Unit) Ithaca, NY 14850
Investment Highlights
- Collegetown Location
Executive Summary
Ivy League Collegetown property is highly regarded as some of the most stable, investment grade real estate in the country. Located in the heart of Cornell University’s Collegetown- This property features 10 bedrooms and can be rented in a variety of ways. Currently rented by the room, this property is prime for value add. Flexible CR-3 zoning allows for ground up redevelopment of up to 3 stories or implement a value add strategy to boost per bedroom rents to market rate. Fully renovated properties in the area can fetch $1100-$1400 per bedroom. Properties of this size, this close to Cornell in a prime Collegetown location rarely hit the open market.
Property Facts
| Price | $895,000 | Lot Size | 0.15 AC |
| Price Per Unit | $447,500 | Building Size | 2,973 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 2 | Year Built | 1980 |
| Property Type | Multifamily | Parking Ratio | 2.02/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CR4 | ||
| Price | $895,000 |
| Price Per Unit | $447,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.15 AC |
| Building Size | 2,973 SF |
| No. Stories | 3 |
| Year Built | 1980 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | CR4 |
Amenities
Unit Amenities
- Heating
- Eat-in Kitchen
- Hardwood Floors
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | - |
| 7+2 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 500700-068-000-0005-015-000-0000 | Improvements Assessment | $570,000 |
| Land Assessment | $130,000 | Total Assessment | $700,000 |
Property Taxes
Parcel Number
500700-068-000-0005-015-000-0000
Land Assessment
$130,000
Improvements Assessment
$570,000
Total Assessment
$700,000
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116 Cook St
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