1104 Monroe St Endicott, NY 13760

Property Details for 1104 Monroe St

Year built

1960

Lot size

0.23 lot acres

Property size

4,852 SF

Property type

Commercial real estate

Description

This exceptional 6-unit apartment building, located at 1104 Monroe Street in Endicott, New York, presents a compelling investment opportunity. Boasting 4,852 square feet on a 0.23-acre lot, this property offers a strong 10.51% cap rate and a net operating income (NOI) of $34,698.58. Built in 1960, the building comprises a mix of unit sizes: three one-bedroom, one two-bedroom, and one four-bedroom unit, ensuring diverse rental income streams. Situated in a rapidly growing area of Endicott, this property benefits from its proximity to key employers such as BAE Systems, the Huron Campus, and IM3, all within walking distance. Its central location near Washington Avenue further enhances its appeal. The property's location within a Federal Opportunity Zone provides additional investment incentives. Note: This property must be purchased as a package with either 310 E Main St or 102-102 W Main St. The asking price is $330,000. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving market. The walkability score of 84 underscores the convenience and desirability of this location. The property's strong cash flow potential, combined with its strategic location and the benefits of the Federal Opportunity Zone designation, makes this an attractive investment for discerning buyers.