40 Jackson Ave, Endicott, NY 13760

3,780 SF 0.11 ac lot Built 1965

Property ID

US63-3640715

$450,000 3,780 SF

40 Jackson Ave, Endicott, NY 13760
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This exceptional 7-unit apartment building presents a compelling investment opportunity in Endicott, NY. Located at 42-46 Jackson Avenue, this 3,780 square foot property boasts a strong NOI of $56,377 and a compelling 10.74% cap rate, making it an attractive addition to any portfolio. Built in 1965 and situated on a 0.11-acre lot, the property features a mix of unit sizes including two 3-bedroom units, four 1-bedroom units, and one studio apartment. Recent renovations have updated the amenities and finishes, ensuring strong rental income potential. The property's prime location offers convenient access to the Huron Campus and the new IM3 Battery Manufacturer, benefiting from the revitalization of Endicott, a historically significant area experiencing a resurgence with new manufacturing and research initiatives, including a recent $160 million R&D grant. This strategic location, coupled with its designation as a Federal Opportunity Zone, further enhances its investment appeal. The building's spacious and recently renovated units, combined with its strong rental income and prime location, make this a truly exceptional investment opportunity. The asking price is $549,000.