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371 Applegate Rd Ithaca, NY 14850

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For Sale
$479,000

Five-unit property, high cash flow, prime location.

Property size:
4,800 SF

Property Features for 371 Applegate Rd

General Information

Property type
Other commercial real estate
Square Feet
4,800 SF
Lot Size
207,346 SF

Building Details

Year Built
1990

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Listing Contact
Mark Skodzinsky
Mark Skodzinsky

Listing Agency: Berkshire Hathaway HomeServices Heritage Realty Listing Agent: Mark Skodzinsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Spa & Massage Center Hair Salon Auto Repair Shop Travel Agency

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Ithaca
County
Tompkins
State
New York
Longitude
-76.61247
Latitude
42.47827

FAQs

What type of property is this?
Commercial real estate - Five-unit property, high cash flow, prime location.
Where is this commercial real estate located?
The property is located at 371 Applegate Rd Ithaca, NY.
What is the asking price?
The asking price for this property is $479,000.
More about this property
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