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


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
HEAT Baseboard, Hot Water, Natural Gas
SEWER Municipal-Existing
STYLE 5-10 Units
SUBDIVISION East Hill Historic District
WATER Municipal-Existing



Contact us about this Property

We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Steve Saggese to contact you even if your name is on a Federal or State "Do not call List".

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.

Email a Friend