J
Seller's Agent in 2022
Jala Bayo
Berkshire Hathaway HomeServices Heritage Realty
(202) 641-5181
24 Total Sales
1718 Mecklenburg Rd Ithaca, NY 14850
--
Bed
--
Bath
11,460
Sq Ft
3
Acres
Highlights
- Coin Laundry
- Boynton Middle School Rated A-
- Walk-Up Access
About This Home
As of January 2022Located 4.8 miles from downtown Ithaca and on the TCAT bus route, this property is an attractive investment opportunity in a healthy rental market. The main building has 11 units and the duplex 2 units -- a mix of efficiency, one, two and three bedrooms. This is a consistent, cash flowing property to add to your investment portfolio and the lot has enough acreage to build additional rental units or single family homes. You could earn $145,000 gross yearly income when all the units are fully rented. A great return on investment. Few zoning restrictions in the Town of Enfield except a site plan review. Total of 3 acres included with sale.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Heritage Realty Brokerage Email: jbayo3@gmail.com License #10301224045 Listed on: 04/02/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Lot Details
- 3
Home Design
- 11,460 Sq Ft Home
- Asphalt Roof
- Metal Roof
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
Basement
- Walk-Out Basement
- Walk-Up Access
- Exterior Basement Entry
Schools
- Enfield Elementary School
Additional Features
- 3 Acre Lot
- Well
Community Details
- 13 Units
- Coin Laundry
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 4.-1-8.2
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Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/27/2022 01/27/22 | Sold | $860,000 | -1.1% | $75 / Sq Ft |
| 12/28/2021 12/28/21 | Pending | -- | -- | -- |
| 04/02/2021 04/02/21 | For Sale | $870,000 | -- | $76 / Sq Ft |
Source: Ithaca Board of REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $22,599 | $850,000 | $55,000 | $795,000 |
| 2023 | $24,183 | $850,000 | $55,000 | $795,000 |
| 2022 | $7,455 | $850,000 | $55,000 | $795,000 |
| 2021 | $18,558 | $610,000 | $55,000 | $555,000 |
| 2020 | $16,791 | $610,000 | $55,000 | $555,000 |
| 2019 | $16,791 | $610,000 | $55,000 | $555,000 |
| 2018 | $18,103 | $610,000 | $55,000 | $555,000 |
| 2017 | $17,968 | $585,000 | $55,000 | $530,000 |
| 2016 | $16,791 | $585,000 | $55,000 | $530,000 |
| 2015 | -- | $485,000 | $55,000 | $430,000 |
| 2014 | -- | $485,000 | $55,000 | $430,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jala Bayo
-
Amanda Ryen-Yowhan
Buyer's Agent in 2022
Amanda Ryen-Yowhan
RE/MAX
(607) 227-1500
48 Total Sales
Map
Source: Ithaca Board of REALTORS®
MLS Number: IB404088
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