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505 Dryden Rd, Ithaca, NY, 14850

11beds
3baths
4,318sqft
$1,000,000
$232price/sqft
$7,828/moest. monthly cost
$313,120/yrincome needed

About This Home

Located in the heart of Collegetown, 505 Dryden Road is a premier multi-family residence perfectly positioned for students and professionals. This high-performing asset features multiple rental units and sits on a generous lot with eight coveted off-street parking spaces. Investors will appreciate the property's exceptional track record, boasting consistent 100% occupancy and steadily increasing gross revenues. Its prime location offers unrivaled safety and convenience, providing tenants with seamless access to the Cornell University campus, local amenities, and public transit. This is a rare opportunity to acquire a turnkey, profitable building in Ithaca’s most desirable rental market.

Getting Around

78
WalkingVery Walkable
0
TransitVery Limited Transit
62
BikeBikeable

Schools

4/10
Belle Sherman SchoolGrades PK-50.3 mi
8/10
Boynton Middle SchoolGrades 6-81.7 mi
9/10
Ithaca Senior High SchoolGrades 9-121.4 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Foundation: Stone
  • Roof: Asphalt
  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Triplex
  • Property subType: Triplex,Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Natural Woodwork
  • Flooring: Hardwood,Laminate,Varies,Vinyl

Heating & Cooling

  • Heating features: Gas,Zoned,Baseboard,Hot Water
  • Cooling features: Zoned

Interior Area

  • Total structure area: 4,318
  • Total interior livable area: 4,318 sqft

Property

Details

  • Parcel number: 50070006400000060030000000
  • Zoning description: Residential Multi Use
  • Special condition: Standard

Features

  • Stories: 4

Lot

  • Lot size: 871.20 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 80 x 90

Parking

  • Parking features: Other,See Remarks,Two or More Spaces