202 Stewart Avenue

Ithaca, NY 14850

Collegetown 4-unit, circa 1910 with a projected income of $113,400!

Lower Collegetown 4-unit, circa 1910, and located in the East Hill Historic District, which governs the exterior of the building. 2 four-bedroom apartments, one 3-bedroom, and one 2-bedroom unit. The lowest level two-bedroom unit, once occupied by the bldg manager, is now vacant. Projected income of $113,400, including current rents of over $99K. Additional $13,200 from the now-vacant unit + $1200 rent for the parking space. House is largely furnished by the owner, who also pays for all utilities and laundry. Apartment One, the 3-bedroom unit, is already leased for 2023/2024 at $750/br. Excellent mechanicals and 10-year-old tear-off roof.