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The savvy investor who appreciates quality will never lack for tenants wanting to rent either the house or apartment of this much admired property in the lovely Cornell Heights Historic District.
Location is where it’s at for investment property and this location speaks for itself. The Fall Creek suspension bridge to the Cornell campus is less than 1,000 feet from the door.
A 1994 renovation transformed a formerly Cornell-owned building into a 3,000 square foot, light-filled, gracious 8-bedroom, 2-bath house with eat-in kitchen, large living room with built- ins, and spacious, interesting bedrooms, no two of which are alike. Several have sitting areas or sleeping nooks. A large walk-up attic provides excellent storage. The walk-out lower level has an approximately 973 square foot, two-bedroom, one-bath apartment. The coin-operated laundry, and separately metered gas and electric service, add to the investment quality of this property.
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This property could be also be a fantastic home for a creative Cornell faculty member or administrator who values its convenient location, size, charm, and tall, tree-filled site on a Cornell land lease. That buyer would then have the benefit of the income from the private apartment to help offset the costs of ownership.
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