Closed

$775,200

192-198 Pinckney Rd, Ithaca, NY 14850

8beds

0baths

7,200sqft

Multi Family

Built in 1980

-- sqft lot

$801,800 Zestimate^®

$108/sqft

$1,857 Estimated rent

Home value

$801,800

Estimated sales range

Not available

$1,857/mo

Zestimate^® history

Owner options

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$1,857/mo

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$1,857/mo

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$5,485/mo

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$5,485/mo

Est. payment

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What's special

Excellent investment opportunity within minutes of the Ithaca Commons. 8 unit apartment complex on over 2 acres of park-like surroundings. Each apartment has 2 bedrooms with a full and a half bathroom. Ten minutes to Cornell University. This investment property generates approximately $100,000 /year in rent. Coin-op laundry conveys with sale and provides additional income. These apartments are housed in two two-story buildings and offer 7200 total square feet of rentable space. Coin-op laundry on the first floor of one of the two buildings.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 0

Heating

Gas, Baseboard

Appliances

Included: Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator
Laundry: Coin-operated

Features

Flooring: Hardwood, Varies, Vinyl
Basement: None
Has fireplace: No

Interior area

Total structure area: 7,200
Total interior livable area: 7,200 sqft

Property

Parking

Parking features: One and One Half Spaces, Driveway

Features

Levels: Two
Stories: 2
Exterior features: Blacktop Driveway, Private Yard, See Remarks

Lot

Size: 2.15 Acres
Dimensions: 340 x 275

Details

Additional structures: Barn(s), Outbuilding
Parcel number: 42.140.112
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Aluminum Siding, Block, Frame, Concrete
Foundation: Slab
Roof: Asphalt

Condition

Resale
Year built: 1980

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

Community

Features: Laundry Facilities

Location

Region: Ithaca

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $480,000
Annual tax amount: $15,354
Date on market: 4/22/2024
Cumulative days on market: 124 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
12/21/2024	Sold	$775,200-2.5%$108/sqft
Source: NYSAMLSs #R1528678 Report a problem
8/23/2024	Contingent	$795,000$110/sqft
Source: ITMLS #R1528678 Report a problem
8/16/2024	Price change	$795,000-9.1%$110/sqft
Source: ITMLS #R1528678 Report a problem
8/5/2024	Price change	$875,000-10.3%$122/sqft
Source: ITMLS #R1528678 Report a problem
6/24/2024	Listed for sale	$975,000$135/sqft
Source: ITMLS #R1528678 Report a problem