6315 State Route 227

Located in the Trumansburg School District and Schuyler County (comparatively tax friendly), approximately 20 minutes from Ithaca, this 3-unit property offers an opportunity for investors and owner-occupants alike. Apartments 2 (under rented $450-property manager-will convey vacant) and 3 ($1,200) have generated a combined $19,800 in gross annual rental income, while the 6-bedroom main unit (Apt 1) was Owner occupied. An investor could rent all three units, or owner-occupy one. Situated on 1.8 acres, the 3,732-square-foot property also includes shared off-street parking, outdoor storage sheds, and a spacious backyard. The main apartment (Apt 1) offers 6 bedrooms and 1.5 bathrooms, high ceilings on both levels, wide-plank hardwood floors, and whitewashed wood walls upstairs. The large eat-in kitchen features a walk-in pantry with built-in storage. This is the only apartment with washer and dryer hookups. A newer half bath adds convenience to the upper level. Previously owner-occupied, this unit is currently vacant. Apt 2 is an efficiency/studio apartment with 1 bathroom, kitchen with built-in cabinetry, and a generously sized living/sleeping area. This unit will be vacant upon transfer of ownership, offering flexibility for a new owner. This Tenant is an amazing property manager-assisting with lawn care, snow removal, and property maintenance (currently under rented for $450 per month). Apt 3 features two large upstairs bedrooms, one bathroom, and an open-concept kitchen and living area. The current lease runs through April 2027, with monthly rent of $1,200. Additional features include newer windows on the main level, front porches serving Apts 1 and 2, and a large walk-in attic offering substantial storage or hobby space. The property does require work and is best suited for a buyer prepared to make improvements. The home retains visible character and charm, providing an opportunity to restore and build on its existing multifamily potential. Cash or construction financing is recommended. With deep roots in the early settlement of Ulysses, this property offers a connection to the area's history and an opportunity for its next owner to shape its future.