308 310 Stewart Avenue, Ithaca, NY 14850 (MLS # 402674)

Price $1,550,000
Status Active
Beds 0
Baths 0 Bath
Home size 7,200 sqft
Lot Size n/a
Days on Market 39
Classic commercial brick bldg. w/long term restaurant tenant occupying main floor + basement. Upstairs has four - 4 bedroom apts. paying separate heat, cooking gas & electricity. Great rental history until Covid19 issues. The best laid plans.... Not fully leased for upcoming school year, but rentals in progress. Planned '20-'21 annual gross was $177,600.00 with each four bedroom unit paying $2200/mo up to $2700/mo, or from $550 to $675 per month per person plus heat, electricity and cooking gas. #1 has 3 rooms leased for one semester. #2 has 4 rooms leased for one semester. #3 has two rooms leased until the end of May, 2021. #4 has 2 rooms leased for 9 months.Total current income from rooms is $44,750. Restaurant income upon request.Natural woodwork in hallways and inside units. Brick fireplaces could be made operable. Building has fire alarm and hall sprinkler systems/
Property Type(s): Multi Family
Last Updated 9/2/2020 Tract East Hill Historic District
Year Built 1900 Community College Town
County Tompkins

SCHOOLS

School District Ithaca
Elementary School Belle Sherman

Price History

Prior to Sep 2, '20 $1,750,000
Sep 2, '20 - Today $1,550,000

Additional Details

APPLIANCES Refrigerator, Stove-Gas
AREA College Town
BASEMENT Concrete Floor, Interior Entry, Unfinished, Yes
CONSTRUCTION Existing
GARAGE None
HEAT Baseboard, Hot Water, Natural Gas
LOT DIMENSIONS 40x60
PARKING None
SEWER Municipal-Existing
STYLE 5-10 Units
SUBDIVISION East Hill Historic District
WATER Municipal-Existing
ZONING B-2a

Location

 

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Listing provided by Christopher Anagnost, Christopher George Real Estate
Listing information is deemed reliable, but not guaranteed.

This IDX solution is (c) Diverse Solutions 2020.

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