Business Overview:
98% Occupancy since 2002, this apartment complex has 44 Units separated equally into 11 buildings each with 2-2br units and 2-1br units, one of each on each floor. Most units have remodeled kitchens, living spaces, new dbl pane windows and sliding doors, and they have nice back porches or balcony's with private back yards. Each building has one or two utility closets for easy access for repairs. Public water is installed, the town just finished installing new sewer lines and they are available for hookup at the road in front of each building. Natural gas meters and piping has been installed up to each building, just needs to be piped into each unit. All heat and hot water is electric, but could be converted after gas is installed. Property is very quiet and secluded, giving the tenants a sense of home and privacy. Very close to the Ithaca Airport, Ithaca Mall and shopping as well as Cornell University and other great places for employment. Averages $350,000 gross income per year. Manager on site. On 13+ acres/
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: