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202 Linden Ave
Ithaca, NY 14850
The Gem · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Prime Collegetown Location
EXECUTIVE SUMMARY
An exceptional opportunity in the heart of Cornell University's Collegetown: 202 Linden Ave is a high-quality, fully leased student housing asset offering strong income and long-term investment value. This modern, low-maintenance building features 10 units and 26 beds, thoughtfully configured to maximize appeal and occupancy. Fully furnished with in-unit washer/dryers, the unit mix includes three 1-bedroom apartments, one 2-bedroom, three 3-bedrooms, and three 4-bedroom units, catering to a wide range of student housing needs. Designed for efficiency and tenant comfort, the property benefits from superior new construction, professional management, and consistently strong rental demand. Just steps from Cornell University, public transit, restaurants, and shops, this property is ideally positioned in one of the region's most desirable and high-traffic locations.
PROPERTY FACTS Under Contract
| Price Per Unit | $743,521 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 10 | Building Size | 10,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2023 |
| Zoning | CR4 - Commercial Zoning | ||
| Price Per Unit | $743,521 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 10,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2023 |
| Zoning | CR4 - Commercial Zoning |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Smoke Free
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 305 |
| 2+1 | 1 | - | 860 |
| 3+1 | 3 | - | 780 |
| 4+1 | 3 | - | 1,010 |
PROPERTY TAXES
| Parcel Number | 500700-067-000-0001-008-000-0000 | Improvements Assessment | $2,818,494 CAD |
| Land Assessment | $486,042 CAD | Total Assessment | $3,304,536 CAD |
PROPERTY TAXES
Parcel Number
500700-067-000-0001-008-000-0000
Land Assessment
$486,042 CAD
Improvements Assessment
$2,818,494 CAD
Total Assessment
$3,304,536 CAD
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