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105 Madison Ave Endicott, NY 13760

Sponsored
For Sale
$374,999

5-Unit Apartment Building, High ROI

Property size:
4,086 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
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.

Property Features for 105 Madison Ave

General Information

Property type
Multifamily properties
Square Feet
4,086 SF

Building Details

Year Built
1980
Units
5

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Endicott
County
Broome
State
New York
Longitude
-76.0490498
Latitude
42.1020424

FAQs

What type of property is this?
Multifamily property - 5-Unit Apartment Building, High ROI
Where is this multifamily property located?
The property is located at 105 Madison Ave Endicott, NY.
What is the asking price?
The asking price for this property is $374,999.
What are key features of this property?
This property features: Five (5) one-bedroom units.; Prime location.; Walkable to Washington Avenue.
More about this property
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