327 Eddy St, Ithaca, NY 14850

This exceptional investment opportunity presents a portfolio of four student housing buildings totaling 50 units and 115 beds, situated in Ithaca, NY's vibrant Collegetown. Located steps from Cornell University, this portfolio offers a compelling mix of 46 apartments and four ground-level retail spaces. Built between 1970 and 2016, the buildings encompass 53,636 square feet across three tax parcels. The property boasts a strong price per unit of $420,000 and a price per square foot of $391.53. With Cornell University's substantial enrollment of over 26,000 undergraduate and graduate students (Fall 2023), this portfolio benefits from a consistently high demand for student housing. The strategic location within Collegetown ensures convenient access to campus, dining, and entertainment. This is a rare chance to acquire a well-established, high-yield student housing portfolio in a highly desirable college town setting. The asking price for this exceptional investment is $21,000,000. The property's address is 327 Eddy St, Ithaca, NY 14850.