Search Results
102-106 West Main Street
- 4 Premium Buildings in Endicott, NY
- 33 Units
- 38 Beds plus 2 premium Commercial Spaces
- CAP Rate 9.44%
- GRM 6.02
- Price per unit average $54,454
Property Description
This is an exceptional opportunity to acquire a portfolio of four premium buildings in Endicott, NY, the historic birthplace of IBM and Endicott Johnson Shoes. With the recent arrival of a Battery Manufacturer and Solar Manufacturer, the area has experienced significant real estate market growth. This package includes properties at 102-106 Main St, 310 E Main St, 1104 Monroe Ave, and 303 Robble Ave, totaling 33 units with 38 beds and 2 commercial spaces. The combined gross rents are $320,316, generating a net operating income of $182,179.17, offering a strong 9.44% CAP rate, well above the market average of 8.7%. At $54,454 per unit and a 6.02 GRM, this portfolio represents a highly lucrative investment in a thriving market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,928,998 |
| No. of Units: | 33 |
| Year Built: | 1960 |
| Lot Size: | 0.87 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $58,454 |
| Property Website | Click Here |
Similar Properties in the Area
1111 GREEN STREET
READING, Pennsylvania
Brokers
View All-
Chase Lord
SVN OAK Realty Advisors | Oklahoma
Lenders
View All-
Felix Gutnikov
California
-
Gary Bechtel
North Carolina
Management
View All-
Essex Property Trust, Inc.
California
-
Asset Living
Texas
