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Property profile

303 Robble Ave Endicott, NY 13760

OFF-MARKET
Apartment buildings
Property ID
US63-3707650
View Sample
3,992 SF Built 1970

Property summary

AI-generated overview

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

Verified
Property type Apartment buildings
Year built 1970
Total area 3,992 SF
UPID US63-3707650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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