512 University Avenue Ithaca-City, NY $ 595,000
512 University Avenue
$ 595,000
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512 University Avenue

Ithaca-City, NY, 14850
$ 595,000
Bedrooms6 Baths3.0 Sq 2,535

Monthly Estimate*

$ 3,564

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Single Family Home for sale in Ithaca-City, NY for $595,000 with 6 bedrooms and 3 full baths. This 2,535 square foot home was built in 1900 on a lot size of 0.1398.

Fantastic real estate investment opportunity beside Cornell's west campus. Route 10 bus line across the street servicing many campus locations and downtown. Future student center planned nearby creating future demand hub. Income for 24/25 leasing period is $70800. Property fully rented since October 2023 for 24/25. Operating expenses for calendar year 2023 were $7631. Assessed property value for 2025 to drop significantly with positive effect to taxes paid. Turnkey rental property with aesthetic improvements needed at buyers discretion. 3 electric meters and 2 gas meters. 1 electric meter services mec room light and radon fan. 2 boilers and 2 hot water heaters. 1 water meter. Furniture carries with property. Hardwood floors throughout.

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Single Family Active

Price

$ 595,000

Bedrooms

6

Full Bath

3

Property Type

Single Family

Taxes

$ 22,325

Style

Duplex

Lot Size

0.1398

Year Built

1900

Town/City

Ithaca-City

County/Region

TOMPKINS

MLS | Web ID

R1540647

Features
General
Interior Features Attic
Sewer Connected
Heating Gas Baseboard
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Asphalt
Appliances GasWaterHeater
Garage Spaces 0.0
Architectural Style Duplex
Security Features RadonMitigationSystem
Construction Materials WoodSiding
School District Ithaca
Year Built 1900
Township Not Applicable
Property SubType Duplex
County Tompkins
Net Operating Income 40844.0
Property Type Residential
Subdivision Name Section 341
Rent Includes CommonAreaMaintenance SnowRemoval Water
Full Baths 3
Status Active
Directions None
City Ithaca-City
Senior Community Y/N No
High School District Ithaca
NumberOfUnitsTotal 2
MLS Area Ithaca-City-500700
Lot Size Units Acres
Lot Size Square Feet 6090.0
Waterfront Y/N No
Elementary School Fall Creek Elementary
Year Built Details Existing
Tax Annual Amount 22325.0
Property Condition Resale
Structure Type Duplex
Standard Status Active
Middle/Junior School District Ithaca
Elementary School District Ithaca
Tax Assessed Value 500000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 1
Property Sub Type Additional Duplex
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Interior
Basement Partial WalkOutAccess
Flooring Hardwood Marble Varies
Furnished Y/N Furnished
Total Fireplaces 0
Total Stories 2
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Half Baths 0
Laundry Features WasherHookup
Total Bedrooms 6
Main Level Bathrooms 0
Total Baths 3
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Exterior
Parking Features OnStreet
Lot Features NearPublicTransit Rectangular ResidentialLot
Water Source Connected Public
Lot Size Area 0.1398
Foundation Details Stone
Building Area Total 2535.0
Lot Dimensions 42X145
Lot Size Acres 0.1398
Road Frontage Type CityStreet
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Internal Only
Street Number 1 512
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* Excluded Features
List By
Ppm Homes Llc

Broker

(607) 279-1914

Phone

Affordability Calculator

$5,424
Per Month
66%
34%
0%
Monthly Principal & Interest
$3,564
Monthly Property Taxes
$1,860
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4570515 Elementary School
3323858 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/24/2024$595,000 Listed Price

Map


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512 University Avenue, Ithaca-City, NY, 14850 is a Single Family Home for sale at $595,000 with 2,535 sqft and a lot size of 0.1398. 512 University Avenue has 6 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 14850 which is in Ithaca-City, NY