OfferMarket

107 E Spencer St, Ithaca, NY 14850, USA

$390,000

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Photos of the property

APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Investor Opportunity: Vacant Duplex with Immediate Rental Income Potential!

Donā€™t miss this rare chance to acquire a partially renovated 4-bedroom, 2-bath duplex in a prime Ithaca location. With one unit move-in ready and the other mid-renovation, this property offers immediate cash flow plus significant upside for investors ready to finish the second unit.

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Property Highlights:

Duplex Layout: Two units, each with 2 bedrooms and 1 bathrooms, ideal for rental flexibility.
Downstairs Unit: Fully renovated and ready for tenants, with strong rental demand.
Upstairs Unit: Mid-renovation; requires sheetrock, stair railing, paint, and electrical work. Materials are mostly on-siteā€”perfect for an investor looking to add value and increase rental income.
Vacant & Investor-Ready: Owner motivated for a direct cash sale, no realtor involved, quick closing possible.
Rental Potential: Downstairs unit generating immediate income, upstairs unit adds upside once completed.
Location Advantage: High-demand Ithaca neighborhood ensures strong tenant occupancy and long-term appreciation.
Why This Duplex Will Sell Fast:

Immediate Income: Downstairs unit is ready for tenants.
Value-Add Potential: Upstairs unit completion allows for higher rents and strong ROI.
Prime Ithaca Location: Walking distance to downtown and key amenities.
Summary:
This vacant duplex is a rare investment opportunity in Ithaca for landlords or investors seeking cash flow today and upside tomorrow. With one unit ready and the other offering a value-add, this property is positioned for a fast acquisition and immediate income potential.

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