504 University Avenue

Ithaca, NY 14850

Gross annual income of this building is $72,360!

This house is known as the Powelson House, designed by architect A.B. Wood, an 1875 Cornell graduate. He also designed local schools and railroad depots, including the current Chemung Canal Bank building in the West End. The style is Stick-style, built in 1879. This house has 3 units, with occupants on the 2nd and 3rd floor considered one unit-CL. Legal for 11 unrelated people. 2019 Certificate of Compliance to convey. Tenants in ground floor pay elec. Landlord pays all other utilities including cooking gas, heat & elec. There are 3 Weil-McLain boilers and separate electric meters so new landlord may pass these expenses to tenants. Most furnishings and all appliances in building provided by landlord. Tenants in all four buildings have leased rights to use coin-op laundry at 508 University.