83 Grand Ave, Johnson City, NY 13790

This exceptional investment opportunity presents a recently renovated, five-unit multifamily property located at 83 Grand Avenue in Johnson City, New York, 13790. The 3,648 square foot Class B building boasts a strong 8.32% cap rate and is priced at $490,000 ($134.32 per square foot). Each of the five units features high-end finishes and completely separated utilities, ensuring ease of management and maximizing rental income. Convenient off-street parking is provided for tenants. The property's prime location offers significant advantages. Situated within a mile of Oakdale Commons, residents enjoy easy access to shopping and dining. Furthermore, its proximity to the expanding State University of New York and UHS campuses, including the already operational Pharmaceutical School, provides a robust and growing tenant pool. The highly walkable location (score of 76) adds further appeal. This turnkey property is ready for immediate income generation, making it an ideal investment for discerning buyers seeking a strong return in a thriving market. The property is situated in Broome County.