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    514 Davis Ave Endicott, NY 13760

    Sponsored
    For Sale
    $410,000

    7-Unit Apartment Building, High ROI

    Property size:
    4,386 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7-unit apartment building presents a compelling investment opportunity in the thriving Endicott, NY market. Located at 514 Davis Ave, this Class C multifamily property boasts 4,386 square feet on a 7,508 square foot lot and offers a strong 10.67% cap rate with a Net Operating Income (NOI) of $46,847.60. The asking price is $410,000, translating to $64,286 per unit and $103 per square foot. Built in 1960, the property features a mix of unit sizes to cater to diverse tenant needs: four 1-bedroom units, one 3-bedroom unit, and two studio units. Benefitting from a newly installed roof (2024) on the front house, this property minimizes future maintenance concerns. Its prime location directly across from Ideal Nursing Home provides stunning Susquehanna River and valley views, while its proximity to major employers like the IM3 Gigafactory, BAE Systems, and the Huron Campus ensures high occupancy potential. The property is zoned USF, allowing for flexible future use. This investment offers a blend of scenic beauty, convenient access to amenities and transportation, and strong potential for rental income growth, making it an ideal acquisition for multifamily or mid-rise investors seeking a high-return property in a rapidly developing area.

    Property Features for 514 Davis Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,386 SF
    Class
    C

    Building Details

    Year Built
    1960
    Units
    7

    HighLights

    • 4,386 SF building with seven units.
    • Excellent multifamily/mid‑rise investment opportunity.
    • USF zoning allows for flexible use.
    • Located in the rapidly growing Endicott, NY market.
    • High rental income potential.
    • Offers picturesque views.
    Property Profile Location Intelligence

    Current Use by Public Records

    Magson a team Construction Company

    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
    -76.0691179
    Latitude
    42.0917577

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    FAQs

    What type of property is this?
    Multifamily property - 7-Unit Apartment Building, High ROI
    Where is this multifamily property located?
    The property is located at 514 Davis Ave Endicott, NY.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: 4,386 SF building with seven units.; Excellent multifamily/mid-rise investment opportunity.; USF zoning allows for flexible use.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    514 Davis Ave Endicott, NY 13760
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