NOT LISTED FOR SALE

908 Danby Rd Ithaca, NY 14850

South Hill Neighborhood
4 Beds
4 Baths
2,915 Sq Ft
0.44 Acres

Last Sold October 29, 2024

Last sale price $530,000 $182 Per Sq Ft

85 Days on Market

Highlights

  • Property is near public transit
  • Wood Flooring
  • Energy-Efficient Appliances
  • South Hill School Rated A-
  • Thermal Windows
  • Hot Water Heating System

About This Home

As of October 2024

Solid 4-unit investment rental with excellent rental history just outside the City of Ithaca. Fully leased through July 2025 with $66,000 gross income. Less than 1% vacancy over the past 24 years! Well maintained overall with newer windows, several units with updated kitchens, hardwood flooring in 3 of 4 units, LVT flooring in 1 unit. Some natural woodwork; 1 unit with exposed brick in kitchen; 1 unit with covered porch for entry/access. 3-car covered garage parking spaces and 4th garage space under house (full basement has potential for laundry hookups). Driveway is circular with ample off-street parking. Walk up attic for dry storage. Vinyl siding adds to low maintenance capital costs. Close to downtown Ithaca, Ithaca College and Cornell University. Rents include heat & electric, hot water, lawn mowing, snow removal. Tenants pay for their own garbage removal, laundry, cable/internet. Showings allowed with 24 hour notice as per NYS Rental Laws. Invest in Ithaca!

Last Agent to Sell the Property

Christine DelVecchio

Warren Real Estate of Ithaca Inc. Brokerage Phone: 607-227-3016 License #30DE0840160 Listed on: 07/23/2024

Last Buyer's Agent

Rob Armstrong

PPM Homes LLC License #10401341961

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,470

Year Built

  • Built in 1975

Lot Details

  • 0.44 Acre Lot
  • Lot Dimensions are 100x190
  • Rectangular Lot

Parking

  • 3 Car Garage
  • Parking Available
  • Common or Shared Parking

Home Design

  • Quadruplex
  • Poured Concrete
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding
  • Copper Plumbing

Interior Spaces

  • 2,915 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • South Hill Elementary School
  • Boynton Middle School
  • Ithaca Senior High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • PEX Plumbing
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Energy-Efficient Appliances
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number 503089-040-000-0003-006-000-0000

Community Details

Overview

  • Association fees include electricity, gardener, heat, hot water, parking, snow removal, water
  • 4 Units

Building Details

  • Net Operating Income $39,947

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,470

Year Built

Built in 1975

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.4392
  • Lot Size: 100X190
  • Road Frontage Type: Main Thoroughfare
  • Directions: Just past the City line, across from Coddington Road/Rogan's Corner
  • Architectural Style: Fourplex
  • Garage Yn: Yes
  • Unit Levels: Two
  • Efficiency: Appliances
  • Building Stories: 2
  • Year Built Details: Existing
  • Year Built: 1975
  • ResoBuildingAreaSource: Plans
  • Attribution Contact: 607-227-3016
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1975

Interior Features

  • Appliances: Gas Water Heater
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Varies, Vinyl
  • Living Area: 2915.0
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Lot Features: Near Public Transit, Rectangular
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding, Copper Plumbing, PEX Plumbing
  • Foundation Details: Poured
  • Property Condition: Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Common, Paved, Parking Available, Two or More Spaces, Garage

Utilities

  • Heating: Gas, Hot Water, Steam
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: Electricity, Gardener, Heat, Hot Water, Other, Parking, See Remarks, Snow Removal, Water

Schools

  • Elementary School: South Hill
  • Junior High Dist: Ithaca
  • High School: Ithaca Senior High
  • Middle Or Junior School: Boynton Middle

Lot Info

  • Lot Size Sq Ft: 19132.0
  • Parcel #: 503089-040-000-0003-006-000-0000
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Property Net Operating Income: 39947.0

Tax Info

  • Tax Annual Amount: 8470.0
  • Tax Lot: 6

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $530,000 -3.6% $182 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
08/31/2024 08/31/24 Price Changed $550,000 -2.7% $189 / Sq Ft
07/23/2024 07/23/24 For Sale $565,000 -- $194 / Sq Ft
Source: Ithaca Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Christine DelVecchio

    Seller's Agent in 2024

    Christine DelVecchio

    Warren Real Estate of Ithaca Inc.

    (607) 227-3016

    2 in this area

    139 Total Sales

    Christine DelVecchio
    Section Image

  • R

    Buyer's Agent in 2024

    Rob Armstrong

    PPM Homes LLC

    (607) 272-1765

    1 in this area

    5 Total Sales

    Rob Armstrong
    Section Image
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Map

Source: Ithaca Board of REALTORS®

MLS Number: R1553707

New York Tompkins County Ithaca 14850 South Hill

908 Danby Rd, Ithaca, NY

Not Listed for Sale

MultiFamily

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