Property summary
This exceptional investment opportunity presents a 14-unit apartment building situated on a 0.34-acre lot in Endicott, New York. The property, located at 22 Nanticoke Avenue, boasts a prime location, offering convenient access to The Cider Mill, various restaurants, bus routes, and the EnJoie Golf Course. Built in 1970 and extensively renovated in 2024, this two-story building features fourteen one-bedroom, one-bathroom units, currently operating at 58% occupancy. The property benefits from municipal electric service for both tenants and the owner, minimizing utility expenses. Ample off-street parking is available for residents. The property is zoned for multi-residential use and has a Broome County APN of 034601-157-009-0008-019-000-0000. This well-maintained building offers a strong rental history and consistent cash flow, making it an attractive investment for discerning buyers. The asking price for this turnkey property is $585,000. This is a rare opportunity to acquire a well-located, updated multifamily property with significant upside potential in a thriving New York community. The property's central location and recent renovations position it for continued success and strong returns. Don't miss this chance to add a valuable asset to your portfolio.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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from $99/month
Property description
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