1408 E Main St
- 6-unit multifamily property with a diverse unit mix of 1-, 2-, and 3-bedroom apartments
- Located on East Main Street with strong visibility and direct access to Route 26
- Adjacent to Dunkin' and near established retail and service amenities
- Separately metered electric with baseboard heat and individual hot water heaters in each unit
- Tenants responsible for electric, supporting a simplified operating structure
- In-place income with opportunity to improve expense efficiency and overall returns
Property Description
Offered for sale is a 10-unit multifamily asset located along East Main Street in Endicott, New York, a well-traveled corridor with consistent demand and convenient access to surrounding amenities. Positioned directly adjacent to a Dunkin' location and within close proximity to Route 26 and public transportation routes, the property benefits from strong tenant accessibility and day-to-day convenience. The property consists of 2 residential buildings, with 6 apartments in the front building and 4 apartments in the rear building. The unit mix includes 1-, 2-, and 3-bedroom apartments, providing broad tenant appeal and leasing flexibility. Each unit is separately metered for electric and features electric baseboard heating along with individual hot water heaters, creating a streamlined utility structure. Tenants are responsible for their own electric usage, while the landlord currently covers gas, water, sewer, and garbage. An additional value-add opportunity exists through the potential acquisition of the neighboring lot at 1406 E Main Street, which is under separate ownership and may be available for purchase to provide additional parking. With in-place income and a manageable operating profile, the property presents a straightforward investment opportunity. The combination of location, unit mix, utility configuration, and potential for expanded parking supports stable occupancy while offering opportunities to further optimize operations and improve overall returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $249,000 |
| No. of Units: | 6 |
| Year Built: | 1970 |
| Lot Size: | 0.15 Acres |
| Opportunity Zone: | No |
| Price per unit: | $41,500 |
| Property Website | Click Here |
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