420 Overton St, Endicott, NY 13760

This exceptional investment opportunity presents a 54-unit senior living portfolio in Endicott, New York, boasting a 5.16% cap rate and a remarkable 100% occupancy rate with a waiting list. The property, known as Skye View Heights, comprises beautifully maintained units featuring renovated interiors, modern kitchens and baths, in-unit laundry, private garages, fireplaces, and patios. Each spacious unit offers comfortable living for the 55+ demographic. The property sits on a substantial 34.96-acre lot, and importantly, includes an additional 21 acres already approved for the construction of 160 more units, representing significant future development potential. The current NOI stands at $774,461, reflecting the strong performance and stable clientele. The convenient location near shopping, restaurants, and medical facilities further enhances its appeal. Built in 2012, this Core+ investment is priced at $15,000,000 and offers a compelling return on investment with its current high occupancy and substantial expansion possibilities. This is a rare opportunity to acquire a thriving senior living community with significant upside potential in a desirable location. The property's strong performance, coupled with the approved expansion plans, makes this a truly exceptional investment.