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116 Cook St 2 Unit Apartment Building $1,248,051 CAD ($624,025 CAD/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 | $1,248,051 CAD | Lot Size | 0.15 AC |
| Price Per Unit | $624,025 CAD | 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 | $1,248,051 CAD |
| Price Per Unit | $624,025 CAD |
| 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
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 500700-068-000-0005-015-000-0000 | Improvements Assessment | $788,624 CAD |
| Land Assessment | $179,862 CAD | Total Assessment | $968,485 CAD |
Property Taxes
Parcel Number
500700-068-000-0005-015-000-0000
Land Assessment
$179,862 CAD
Improvements Assessment
$788,624 CAD
Total Assessment
$968,485 CAD
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116 Cook St
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