Ithaca MI Real Estate & Commercial for Sale

If you're looking for a Work/Live opportunity with additional income to pay your mortgage, this is your investment. With an operating full service salon with 2 chairs, 2 nail tech stations and pedicure station in back, you'll have a cash flowing investment with room to expand. Sale includes the business license (DBA) for the salon along with all the equipment to continue the momentum at this location. To finish out the main level, next to the salon, is a vacant commercial unit ready to be rented. The second story includes 2-Two bedroom apartments in excellent condition with updated kitchens and onsite laundry. The owner has taken care of all the deferred maintenance questions with new roof in 2022 and updated furnace and water heaters. This is an investment that you'd be proud to own

142 E Center in Ithaca presents a unique investment opportunity for those seeking versatility and potential in a bustling location where approximately 7,000 cars drive by daily. This three-story building has 4 total tenants for a combined monthly rental income of $2,000. The ground floor features a thriving restaurant, boasting a seating capacity of 118, 2 bathrooms, and all equipment included for immediate operation. The restaurant pays approximately $400/month in rent and the tenant pays all utilities on their own (water, gas, electric). The other half of the ground floor features a 2 room office with 1 bathroom at approximately $400/month. For this unit, the owner pays the utilities and the tenant reimburses. On one half of the 2nd level there is a 1 bed, 1 bath residential unit at approximately $600/month and the owner pays the utilities and the tenant reimburses. The other half of the 2nd floor features a tie-dye studio with 1 bath room at $400/month and the tenant pays all utilities on their own. The third and final floor is a photo studio at $200/month. All tenants are on month-to-month leases, allowing for adaptability and increased income potential. Taxes are estimated to be $3,500/year. Whether you're an investor or an entrepreneur, 142 E Center stands as an exciting opportunity in a prime Ithaca location! BTVAI