BEDS6
BATHS2 full
SQUARE FEET2,739
MLS#B1714561
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLDryden
Property Description
Two detached homes on one lot. Turnkey, high-yield two-unit investment property. Both with income continuity generating a total of $4,200/month ($50,400 Gross Annual Income). Gross Rent Multiplier (GRM) of just 7.5. Both units feature 3 bedrooms and 1 bathroom. The properties are individually metered, tenants responsible for their own heat, electricity, and utilities. Many updated features including new roof, siding, flooring and appliances through. Established tenants are in place running throughout May 2027 and July 2027, offering immediate cash flow. Located within close proximity to Ithaca, Cornell University, and Ithaca College, ensuring a consistent local rental pool. Tax records state 1.63 acres. The seller and recent survey shows total area 1.8 acres.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Walk-Out Access
Garage: 2
Heating: Electric, Propane, Baseboard, Forced Air
Home Style: Detached, Duplex
Lot Size: 1.80 Acres
Roof Type: Metal, Shingle
Stories: 2.0
Taxes: $7,686
Year Built: 1940
Feature Descriptions
Appliances: Electric Water Heater
Days on Site: 3
Exterior: Other, Vinyl Siding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: Irregular Lot, Other, See Remarks
Lot Dimensions: 552X148
Parcel#: 502489-040-000-0001-045-002-0000
Parking: Garage, Gravel, Parking Available, Two or More Spaces, Garage Door Opener
Parking Notes: Garage, Gravel, Parking Available, Two or More Spaces
Sewer: Septic Tank
Units: 2
Utilities: High Speed Internet Available
Water: Well
Local Schools
High School: Dryden High
Middle School: Dryden Middle
Elementary School: Dryden Elementary
School District: Dryden
Listed By / Shown By
Listing By
Agency Name: Homecoin.com
Agency Contact: 888-400-2513
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimate Your Payment
Estimated Payment
$ 1,594.53 per month $843.49 Principal & Interest $640.50 Property Tax $110.54 Homeowner's Insurance
193-195 Upper Creek Road | MLS# B1714561
This multi-family property located at 193-195 Upper Creek Road, Freeville, NY 13068 is currently listed for sale with an asking price of $379,000. 193-195 Upper Creek Road is located within the Dryden school district. Search Freeville real estate on www.mjpeterson.com today.