204 Grand Ave Johnson City, NY 13790
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Property Features for 204 Grand Ave
General Information
- Property type
- Multifamily properties
- Square Feet
- 15,613 SF
- Price / Square Foot
- $134
- Elevators
- N/A
- Net Rentable
- 15,613 SF
- Occupancy
- 95%
Building Details
- Buildings
- 1
- Stories
- 3
- Units
- 23
Overview
Fully Performing Mixed-Use Portfolio
This portfolio comprises 23 units in four buildings and offers a mixed-use investment opportunity. The properties are located minutes from Binghamton University and UHS Medical Center in Broome County, New York. Two locations are just a minute apart, consisting of three residential and one commercial building. The portfolio has been extensively upgraded over the past few years and is 100% occupied. The portfolio includes a two-story, five-unit residential building at 83 Grand Avenue, featuring one and three-bedroom apartments, all of which have been upgraded. Additional income is derived from the laundry. Tenants are responsible for their separately metered gas and electric. 200 Grand consists of a one-story convenience store on a multi-year lease and a two-story, one-bedroom house at the rear of the lot. Both tenants pay their own separately metered gas and electric. 204 Grand is a three-story corner apartment building with 16 apartments, including eight one-bedroom and eight two-bedroom units. All but three units have been upgraded. Additional income is derived from the laundry. Tenants pay their own separately metered gas and electric. The portfolio is located a short walk from Binghamton University School of Nursing, School of Pharmacy, the UHS Medical Center, and public transportation. A number of tenants work at the Hospital complex due to its proximity. The property offers an investor a turn-key performing portfolio.
HighLights
- 23 unit, fully performing, mixed use portfolio just minutes from Binghamton University and UHS Medical Center in Broome County New York Two locations, just a minute apart, consisting of three residential and one commercial buildings. Extensively upgraded over the past few years and 100% occupied. 10.5% (approx) return on day one makes this an ideal plug and play opportunity, perfect to complement an existing portfolio or as a first time investment. Location (walking distance to UHS Medical Center, Binghamton school of Nursing and Binghamton School of Pharmacy) is why a number of tenants are in the medical profession. Commercial tenant on seven year lease with two (5 year) options.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Johnson City
- State
- New York
- Longitude
- -75.9593091
- Latitude
- 42.1103045
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Grand Ave Portfolio
Where is this multifamily property located?
The property is located at 204 Grand Ave Johnson City, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 23 unit, fully performing, mixed use portfolio just minutes from Binghamton University and UHS Medical Center in Broome County New York
Two locations, just a minute apart, consisting of three residential and one commercial buildings.
Extensively upgraded over the past few years and 100% occupied.
10.5% (approx) return on day one makes this an ideal plug and play opportunity, perfect to complement an existing portfolio or as a first time investment.
Location (walking distance to UHS Medical Center, Binghamton school of Nursing and Binghamton School of Pharmacy) is why a number of tenants are in the medical profession.
Commercial tenant on seven year lease with two (5 year) options.
