Location

EXEUTIVE SUMARY:

This charming community boasts 28 units; 27 two-bedroom, one-bath units measuring 700 square feet, and 1 two-bedroom, one-bath unit being used as an office. Ithaca 1 Apartments were built in 1970 & 1976 and have been well-maintained over the years.

Currently, Ithaca 1 Apartments is part of U.S.D.A.’s Rural Development Program. The existing financing is subsidized through the government and, in exchange, the rental rates are restricted and set by RD each year. Ithaca 1 Apartments represent a well-located, turn-key asset with a very steady historical performance in a tidy submarket.