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408 Roosevelt Ave Endicott, NY 13760

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For Sale
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Value-add multifamily package in rapidly developing Endicott, NY.

Building Details

Year built
1965

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Listing Contact
Scott Warren, Ccim
Scott Warren, Ccim
Source: Svn

Listing Agency: INNOVATIVE COMMERCIAL ADVISORS Listing Agent: Scott Warren, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Endicott Multifamily Value-Add Opportunity

This multifamily property in Endicott, NY, presents a value-add opportunity in a rapidly developing area. The property features 12 units, each with 2 bedrooms, a dining room, and a living room. The units are in two buildings, each containing 6 units. The location provides convenient access to the highway and is within walking distance of restaurants, shops, and other amenities. The buildings are situated on a large lot with ample off-street parking. The current gross rents are $97,060, with potential market gross rents of $165,000. The combined Net Operating Income (NOI) based on actual rents is $77,819, with a pro forma NOI of $106,405.80. The location is central, with easy access to bus lines, Main Street, and Washington Avenue, as well as State Route 26 and the I86 interchange.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Endicott
County
Broome
State
New York
Longitude
-76.041993
Latitude
42.0991062

FAQs

What type of property is this?
Apartment building - Value-add multifamily package in rapidly developing Endicott, NY.
Where is this apartment building located?
The property is located at 408 Roosevelt Ave Endicott, NY.
What are key features of this property?
This property features: - Significant value-add opportunity by increasing rents to market rates.; - Pro Forma NOI of $106,405.80, indicating strong income potential.; - Central location with fast, easy highway access and proximity to restaurants, shops, and amenities.
More about this property
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