101-05 Giles Street
Property Description
This solid, well-maintained investment property is tucked away on a quiet side street on the edge of downtown Ithaca, offering a prime location with easy access to Cornell University, Ithaca College, and a TCAT bus line just steps away. Spanning over 4,800 square feet, the building features four spacious units-two 4-bedroom and two 1-bedroom apartments-generating a gross rent roll of $111,000 for the 2026-2027 season and fully leased through late summer 2027. The versatile layout includes one side encompassing two full floors that would serve as an ideal future owner-occupied residence, while the opposite side houses three units across three levels, all accessed via a beautiful oak center staircase. Residents benefit from desirable floor plans and the convenience of off-street parking, a full walk-out basement with laundry and storage, and split utilities for heat, hot water, and electric paid by the tenants. With a proven track record and a configuration that appeals to a diverse tenant pool, this property represents a turn-key opportunity for a savvy investor looking for a high-performing asset in the City of Ithaca.Broker Details
Warren Real Estate (607) 257-0666
MLS ID: IBssaggese State License Number: 30SA0532613
Key Property Information
| Listing Status: | Under Contract |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $975,000 |
| No. of Units: | 4 |
| Year Built: | 1890 |
| Lot Size: | 4,839.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $243,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 6 |
ID: 3yd-BNARNY-R1677983
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