310 Main St Endicott, NY 13760

This exceptional investment opportunity encompasses four prime commercial buildings strategically located in Endicott, New York – a town experiencing significant revitalization fueled by recent expansions in battery and solar manufacturing. The portfolio includes 310 E Main St, 102-106 Main St, 1104 Monroe Ave, and 303 Robble Ave, totaling 33 residential units boasting 38 bedrooms, and two commercial spaces. The properties generate a substantial combined gross annual rent of $320,316, resulting in a strong net operating income of $182,179.17. This translates to an attractive 9.44% capitalization rate, exceeding the local market average of 8.7%. The average price per unit stands at $54,454, and the gross rent multiplier (GRM) is 6.02. Endicott's rich history as the birthplace of IBM and Endicott Johnson Shoes, coupled with this recent economic growth, positions this portfolio as a compelling investment with significant potential for future appreciation. The properties are well-situated within a thriving community, offering a blend of residential and commercial income streams. This is a rare opportunity to acquire a substantial multifamily portfolio in a rapidly developing market. The combined properties offer a diversified income stream and a strong return on investment.