116 Cook Street Ithaca City, NY 14850
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 TypeMulti-Family
- NeighborhoodN/A
- CountyTompkins
- Taxes$39,974
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID NumberR1532134
- Home Size Source Assessor
- Year Built1980
- Lot Size0.15 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction OtherSee Remarks
- Parking Threeormore SpacesNo Garage
- Basement Full
- Number of Stories 222
- Acreage 0.15
- Water Public
- Garage Spaces 0
- Utilities Cable AvailableSewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Heating GasForced Air
- Appliances DryerDishwasherElectric OvenElectric RangeGas Water HeaterRefrigeratorWasher
- Flooring HardwoodLuxury VinylTileVaries
- Fireplaces 0
- Fireplace No
Exterior Features
- Roof Asphalt
- Waterfront Property No
- Exterior Blacktop Driveway
- Lot RectangularResidential Lot
- Road Frontage City Street
Community Features
- Township Not Applicable
- Senior Community No
- MLS Area Ithaca-City-500700