371 Applegate Rd Ithaca, NY 14850

This exceptional investment opportunity presents a five-unit multifamily property ideally situated near both Ithaca and Trumansburg, New York. The property boasts a substantial 4,800 square feet of living space distributed across four spacious townhouse-style apartments and one studio apartment. This configuration offers a diverse rental mix, appealing to a broad range of tenants and maximizing rental income potential. The generous 4.76-acre lot provides ample space for future expansion or development, presenting significant upside for a savvy investor. The current cash flow makes this an attractive addition to any existing portfolio or a solid foundation for a new one. The property's location offers convenient access to the amenities and attractions of both Ithaca and Trumansburg, enhancing its appeal to potential renters. This is a rare chance to acquire a well-maintained, income-producing property in a desirable location with significant growth potential. The asking price of $479,000 represents a compelling investment opportunity in a thriving market. Serious inquiries are encouraged to explore this promising venture further. Detailed financial statements and property information are available upon request.