Listing by: ITHACA / Warren Real Estate Of Ithaca Downtown Ithaca Office / Laurel Guy
$525,000
5,087
SQFT
  104 Lake Avenue Ithaca, NY 14850
Active (27 Days)

Comments

Unique opportunity. Profitable. Distinctive Downtown Income Property: 11BR, 3.5 Bath Rooming House in great location. 5 minute walk to Ithaca Commons. At the corner of Cascadilla Street and Lake Avenue. Next to Cascadilla Creek and Thompson Park. Back in the day, it was a Ithaca College residence hall for women -- Cascadilla Hall -- when the campus was downtown. It has been a successful rooming house for over 50 years. Other possible uses: Airbnb, co-living OR could be converted back to a spacious Duplex. Hardwood floors. Original Woodwork. High Ceilings. Large Living Room. Office. Two Staircases. Well maintained: Many Replacement Windows. High Efficiency Furnaces. 200 Amp Electric. Sprinkler System. Dry basement. Walk-up attic. Two porches. Back Deck. Small low-maintenance yard. Plenty of on-street parking. Current Certificate of Compliance. Zoned R-2: So much potential!

MLS #
403236
Taxes
$10,500
Type
Multifamily
Year Built
1890
School District
Ithaca
County
Tompkins County
Bathroom Details
Interior Features
  • Refrigerator
  • Range
  • Gas Water Heater
  • Electric Range
  • Some Electric Appliances
  • Carbon Monoxide Detector
Lot Information
  • Mineral Rights
Heating and Cooling
  • Gas
  • Forced Air
  • Natural Gas
Basement Information
  • Walk-Up Access
  • Unfinished
  • Full
  • Exterior Entry
Exterior Features
  • Roof: Asbestos Shingle
Utility Information
  • Sewer: Public Sewer, Connected
School Information
  • Elementary School: Beverly J Martin
Parking
  • None
Living Area
  • 5,087 sqft
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
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Interest rate
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.