Welcome to 908 Danby Road!

 

CLICK HERE for 3D tour, floor plans & more photos
CLICK HERE for MLS full details of the property

 

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, parking. Tenants pay for their own garbage removal, laundry, cable/internet. Operating Expenses available upon request.

Showings allowed with 24 hour notice as per NYS Rental Laws.

Invest in Ithaca!

New Price: $550,000

• 2.5% buyer broker fee offered by sellers for acceptable offer

 

(Note – this is in the TOWN of Ithaca, not the City – only the Good Cause Eviction laws from NYS apply, not the more restrictive new City of Ithaca laws)