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193 Upper Creek Road

Dryden NY 13068

6
2
2
2739 sq. ft.
71874 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

6 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2739 sq. ft. floor area
71874 sq. ft. lot size
Multi-Family

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Local market activity for 6 bedroom multi families in Dryden

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