612 Buffalo St Ithaca, NY 14850
- Dormitories
- 3,876 SF
- 0.05 lot acres
Current Use by Public Records
- Dormitories
Property Details for 612 Buffalo St
- Year built
- 1870
- Lot size
- 0.05 lot acres
- Property size
- 3,876 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional investment opportunity presents a historic six-unit apartment building ideally situated in Ithaca's vibrant Collegetown, just minutes from Cornell University and downtown Ithaca. Built in 1870, this 3,876 square foot property boasts a strong rental history, making it an attractive prospect for investors seeking stable income. The building sits on a 0.05-acre lot and includes convenient off-street parking for up to six vehicles, a significant advantage in this highly sought-after location. The property's central location ensures high occupancy rates and ease of access to Cornell University, local amenities, and the bustling downtown area. With six individual units, this multifamily property offers a diversified income stream and potential for future appreciation. The asking price is $755,000. This is a rare chance to acquire a well-maintained, income-producing asset in a prime college town setting. The property's historical charm combined with its modern conveniences makes it a truly unique investment opportunity. Serious inquiries are encouraged.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ithaca
- County
- Tompkins
- State
- New York
- Longitude
- -76.4891
- Latitude
- 42.4418
