657 & 677 Spencer Rd

Turnkey investment opportunity just 20 minutes outside of Ithaca! This well-maintained income-producing property sits on 2.11 acres and features a two-story building with four apartments plus two single-wide trailers—offering immediate cash flow and room to grow. The main house includes four rental units, each with covered porch space and dedicated parking. The property has been thoughtfully updated and consistently maintained, making it a solid addition to any investment portfolio. A utility room/garage provides convenient storage for maintenance equipment and supplies. Located behind the main building, the two single-wide trailers have also seen updates and are fully rented, adding additional income streams. Currently fully occupied, the property generates over $54,000 annually, with even more potential for increased returns. The expansive rear portion of the lot offers excellent opportunity for future development—consider adding storage units, additional rental units, or other income-producing structures (with appropriate approvals). A rare opportunity to own a multi-unit property with strong existing income and upside potential in a desirable location. Don’t miss your chance to invest in growth and cash flow!