275 Johnson Rd
Freeville, NY 13068
Multifamily Property For Sale · 14 Units

Start or grow your investment portfolio with this well-established 14-unit residential rental property, offering strong rental income, a solid occupancy history and an attractive investment opportunity. The portfolio consists of four triplexes and one duplex situated across four contiguous tax parcels, all being offered together as one package. Each of the 14 apartments features two bedrooms and convenient single-level living. These well-cared-for units have proven easy to rent, with many long-term tenants and a history of consistent demand. Numerous units have been updated over time with newer flooring, kitchen improvements and other enhancements, reflecting the owners' ongoing attention to maintenance and upkeep. Conveniently located between Ithaca and Dryden, the property combines accessibility with an appealing country setting. The buildings are set well back from the road, providing tenants with a sense of peace and privacy. Spacious, nicely landscaped grounds offer large yards, room to enjoy the outdoors and ample off-street parking. The duplex units provide additional amenities with attached garages and generous private decks. The buildings and grounds have been continually cared for, creating an attractive rental environment that has contributed to the property's strong occupancy history and tenant retention. With 14 income-producing units, established rental performance and the efficiencies of multiple units in one location, this portfolio offers the potential for a strong return on investment from day one. There may also be potential for additional units to be developed, subject to municipal approvals and applicable zoning. A substantial, established rental portfolio in a convenient location, offering 14 income-producing units in one acquisition with steady, strong rental income.