NOT LISTED FOR SALE

1718 Mecklenburg Rd Ithaca, NY 14850

-- Bed
-- Bath
11,460 Sq Ft
3 Acres

Last Sold January 27, 2022

Last sale price $860,000 $75 Per Sq Ft

270 Days on Market

Highlights

  • Coin Laundry
  • Boynton Middle School Rated A-
  • Walk-Up Access

About This Home

As of January 2022

Located 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

Jala Bayo

Berkshire Hathaway HomeServices Heritage Realty Brokerage Email: jbayo3@gmail.com License #10301224045 Listed on: 04/02/2021

Berkshire Hathaway HomeServices Heritage Realty

Last Buyer's Agent

Amanda Ryen-Yowhan

RE/MAX In Motion License #10301202313

RE/MAX In Motion

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Multi Family
  • Lot Size Acres: 3.0
  • Directions: Hector St/79W and approximately 4.8 miles from downtown. Apartments on the right.
  • Year Built: 1980
  • ResoBuildingAreaSource: Appraiser
  • Attribution Contact: jbayo3@gmail.com
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Gas Oven, Gas Range, Refrigerator
  • Has Basement: Exterior Entry, None, Walk-Up Access, Walk-Out Access
  • Basement YN: No
  • Living Area: 11460.0

Exterior Features

  • Construction Type: Other, See Remarks
  • Roof: Asphalt, Metal

Utilities

  • Laundry Features: Coin-operated
  • Water Source: Well

Schools

  • Elementary School: Enfield
  • Junior High Dist: Ithaca

Lot Info

  • Lot Size Sq Ft: 130680.0
  • Parcel #: 4.-1-8.2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 13

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jala Bayo

    Berkshire Hathaway HomeServices Heritage Realty

    (202) 641-5181

    25 Total Sales

    Jala Bayo
    Section Image
See All Agents

Map

Source: Ithaca Board of REALTORS®

MLS Number: IB404088

New York Tompkins County Ithaca 14850

1718 Mecklenburg Rd, Ithaca, NY

This home is located at 1718 Mecklenburg Rd, Ithaca, NY 14850 since 02 April 2021. This property was built in 1980. 1718 Mecklenburg Rd is a home located in Tompkins County with nearby schools including Enfield School, Boynton Middle School, and Ithaca Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes