Rare opportunity to purchase 42 apartment units just outside the City of Ithaca. Generally at 100% occupancy and has excellent collection history. Recent updates to hallways. 12 apartments built in 2015 and 30 built in 1980. Near the airport and four miles from Cornell University. Professionals and grad students are the tenant base.
Ask about the 95 +/- acres adjacent to the properties. Zoned for apartments. Also next to industrial park. $500,000 savings if buyer buyers both the apartments and land. Subject to zoning and town approvals, may be possible to develop mixed use community.