Check out this rare investment opportunity! Boasting a massive 5,688 sq ft of living space, this 12 unit property is located on the West Side of downtown Ithaca. 1 mile from Cornell University, and about 3 blocks to the Ithaca Commons, it has incredible earning potential for investors. This fixer-upper is perfect for those looking to breathe new life into a property and capitalize on its full potential. Don't miss out on the chance to turn this diamond in the rough into a true gem! The building is equipped with a sprinkler system and monitored fire alarm system. There are 6 Studio Apartments and 9 other bedrooms, for a total of 15 RENTABLE SPACES 8 off street parking spaces With anticipation of the sale, the owner has decided not to rent to new tenants. With each space rented around market value of $900/month and operating expenses at 45% of the projected Gross Income, the Cap Rate is 8.94%.