105 Madison AveEndicott, NY 13760

For Sale
$374,999

5-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
92
This newly renovated, stabilized 5-unit apartment building in Endicott, NY, presents a compelling investment opportunity. Boasting a strong 8.73% cap rate and a net operating income (NOI) of $33,612.20, this property offers significant potential for return. The building, constructed in 1980, encompasses 4,086 square feet on a 6,841 square foot lot. All five units are one-bedroom apartments. The property benefits from a prime location, within walking distance of Washington Avenue, and includes a valuable private parking lot. Situated in a Federal Opportunity Zone, this investment is poised to benefit from the area's revitalization. Endicott's recent economic growth, fueled by new manufacturers and a substantial research and development grant, further enhances the property's long-term prospects. This is an excellent opportunity to capitalize on a rapidly developing area, leveraging the strong rental income and the potential for future appreciation. The asking price is $374,999, translating to a price per square foot of $94.22. The property's recent renovations and stable occupancy contribute to its attractive investment profile. Don't miss this chance to acquire a well-positioned multifamily asset in a thriving New York community.

Highlights

  • Five (5) one-bedroom units.
  • Prime location.
  • Walkable to Washington Avenue.
  • Recently renovated and stabilized property.
  • On-site private parking lot.
  • Located in a Federal Opportunity Zone.

Property Details for 105 Madison Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
4,086 SF
Year Built
1980
Units
5

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.1020424
Longitude
-76.0490498
105 Madison Ave, Endicott, New York

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105 Madison Ave
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