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Michael Slusser

michael@michaelslusser.com +1(680) 310-9567

$ 525,000

Est. payment -/mo

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2-4 Main ST Freeville, NY 13068

7 Beds

4,561 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,561 sqft

Price per Sqft $115

MLS Listing ID R1723506

Bedrooms 7

Construction Status Existing

HOA Y/N No

Year Built 1950

Annual Tax Amount $9,492

Lot Dimensions 198X98

Property Sub-Type Other

Property Description

Five unit apartment building with 7 bedrooms and 5 bathrooms total, on Fall Creek in the Village of Freeville. It's a short drive to Cornell, Ithaca College and downtown Ithaca, and Cortland is also close by. The building is fully occupied and brings in $77,940 in annual gross rent. Four of the five units look out over the creek toward the Genung Nature Preserve on the far bank.

The building has two 2 bedroom apartments and three 1 bedroom apartments. Granite counters, tile and marble run throughout. Apartments 4 and 5 each have a washer, dryer and dishwasher in the unit, and the building also has coin operated laundry machines. Apartment 4 has radiant heat, skylights and a large kitchen. Apartment 5 has a gas fireplace, a marble bar, a mosaic tile floor, a walk in closet and a private deck over the creek.

Tenants in the 2 bedroom units pay their own utilities, and the 1 bedroom units rent with utilities included. The building has natural gas heat, an artesian well and public sewer. There are 4 gas meters, 6 electric meters and two parking spaces per unit.

The rent roll and 2026 expenses are available to qualified buyers.

Location

State NY

County Tompkins

Area Freeville-Village-502403

Body of Water Fall Creek

Rooms

Basement Crawl Space

Interior

Interior Features Dry Bar, Sliding Glass Door(s), Skylights

Heating Gas, Other, See Remarks, Baseboard, Hot Water, Radiant

Cooling Other, See Remarks, Wall Unit(s)

Flooring Ceramic Tile, Hardwood, Luxury Vinyl, Varies

Fireplaces Number 1

Fireplace Yes

Window Features Skylight(s)

Appliance Gas Water Heater, See Remarks

Laundry Coin-operated

Exterior

Community Features Laundry Facilities

Utilities Available Sewer Connected

Waterfront Description River Access,Stream

Roof Type Metal,Shingle

Garage No

Building

Lot Description Corner Lot, Flood Zone, Irregular Lot, Near Public Transit

Story 2

Sewer Connected

Water Well

Level or Stories Two

Structure Type Block,Frame,Concrete

Construction Status Existing

Schools

Elementary Schools Freeville Elementary

School District Dryden

Others

Senior Community No

Tax ID 502403-004-000-0002-020-000-0000

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Listed by Warren Real Estate of Ithaca Inc.