275-301 Johnson RD, Freeville, NY 13068
275-301 Johnson RD, Freeville, NY 13068
275-301 Johnson RD, Freeville, NY 13068
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$1,995,000
Est. payment /mo
28 Beds
14 Baths
11,968 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 11,968 sqft

Price per Sqft $166

MLS Listing ID R1706737

Style Duplex,Triplex

Bedrooms 28

Full Baths 14

Construction Status Existing

HOA Y/N No

Year Built 1990

Annual Tax Amount $26,697

Lot Size 10.080 Acres

Acres 10.08

Lot Dimensions 695X624

Property Sub-Type Duplex

Property Description

Start or grow your investment portfolio with this well-established 14-unit, 28 bedroom residential rental property, offering strong rental income, a solid occupancy history and an attractive investment opportunity. The portfolio consists of four triplexes and one duplex situated across four contiguous tax parcels, all being offered together as one package. Each of the 14 apartments features two bedrooms and convenient single-level living. These well-cared-for units have proven easy to rent, with many long-term tenants and a history of consistent demand. Numerous units have been updated over time with newer flooring, kitchen improvements and other enhancements, reflecting the owners' ongoing attention to maintenance and upkeep. Conveniently located between Ithaca and Dryden, the property combines accessibility with an appealing country setting. The buildings are set well back from the road, providing tenants with a sense of peace and privacy. Spacious, nicely landscaped grounds offer large yards, room to enjoy the outdoors and ample off-street parking. The duplex units provide additional amenities with attached garages and generous private decks. The buildings and grounds have been continually cared for, creating an attractive rental environment that has contributed to the property's strong occupancy history and tenant retention. With 14 income-producing units, established rental performance and the efficiencies of multiple units in one location, this portfolio offers the potential for a strong return on investment from day one. There may also be potential for additional units to be developed, subject to municipal approvals and applicable zoning. A substantial, established rental portfolio in a convenient location, offering 14 income-producing units in one acquisition with steady, strong rental income.

Location

State NY

County Tompkins

Area Dryden-502489

Direction Route 13 North from Ithaca. Left on Johnson Road. Properties are on the right. Park in lot near Country Meadow sign.

Rooms

Basement Crawl Space

Interior

Interior Features Ceiling Fan(s), Skylights, Bedroom on Main Level

Heating Gas, Forced Air

Flooring Carpet, Laminate, Varies, Vinyl

Fireplace No

Window Features Skylight(s)

Appliance Gas Water Heater

Laundry Accessible Utilities or Laundry, Washer Hookup

Exterior

Exterior Feature Deck

Utilities Available High Speed Internet Available

Roof Type Architectural,Shingle

Handicap Access Accessible Bedroom

Porch Covered, Deck, Porch

Building

Lot Description Irregular Lot

Story 1

Sewer Septic Tank

Water Well

Architectural Style Duplex, Triplex

Level or Stories One

Structure Type Frame,Vinyl Siding

Construction Status Existing

Schools

Elementary Schools Freeville Elementary

School District Dryden

Others

Senior Community No

Tax ID 502489-039-000-0001-028-113-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Virtual Tour https://view.flxrealtymedia.com/285_johnson_rd-9037


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Listed by Howard Hanna S Tier Inc 607-279-4319

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275-301 Johnson RD