3205 E Main St
- Fully occupied 9-unit multifamily property with strong rental history and stable in-place cash flow
- Recent capital improvements including new HVAC system and updated electrical
- Separate utilities for reduced operational expenses and future maintenance concerns
- Convenient access to shopping, restaurants, and employers. Located in the desirable Maine-Endwell Central School District
Property Description
3205 E Main Street presents a rare opportunity to acquire a fully occupied 9-unit multifamily asset in the heart of Endwell. Located within the desirable Maine-Endwell Central School District and directly on the bus line, the property benefits from strong tenant demand, a proven occupancy history, and stable in-place cash flow. Recent capital improvements include a new HVAC system, updated electrical, with separate utilities, enhancing operational efficiency and reducing future maintenance concerns. Positioned in a strong rental corridor near shopping, restaurants, major employers, and key transportation routes, the property offers convenient access to both Endicott and Binghamton. Historically known as the birthplace of IBM, Endicott continues to experience steady revitalization and reinvestment, supporting long-term rental demand and investment stability throughout the market. This is an excellent opportunity for investors seeking a stabilized multifamily property with recent upgrades, reliable performance, and long-term upside in one of Broome County’s most established rental markets.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $425,000 |
| No. of Units: | 9 |
| Average Occupancy: | 12.56 |
| Year Built: | 1970 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $47,222 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1060 39th Street
Brooklyn, New York
507 Delaware Avenue
Portland, PennsylvaniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout