Property summary
This exceptional 5-unit apartment building in Endicott, NY, presents a compelling investment opportunity. Located in a Federal Opportunity Zone, this fully leased property boasts a strong 8.88% cap rate and a substantial net operating income of $26,632.87. Built in 1970, the solid brick structure offers 3,992 square feet on a 6,114 square foot lot, with each unit priced at $60,000. The property enjoys 100% occupancy and is conveniently situated within walking distance of major employers including the Huron Campus, BAE Systems, and IM3, benefiting from the area's projected job growth fueled by recent announcements of new manufacturing facilities. Ample off-street parking is available. This turnkey investment offers significant potential for long-term appreciation in a thriving market. The property's prime location and strong tenant base make it an attractive option for investors seeking stable income and future growth. The asking price is $299,999, representing a price per square foot of $75. This is a rare chance to acquire a well-maintained, fully leased multifamily property in a rapidly developing area with a strong economic outlook. The permitted zoning is Federal Opportunity.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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