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33340117

1909 Monroe Street, Endicott, NY 13760

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$175,000
0 days on market
Updated 0 days ago
Opportunity zone

1909 Monroe Street

Details
Property Type Multifamily
Sub Type Apartment Building, Low-Rise/Garden
Square Footage 1,680
Units 2
Cap Rate 10.31%
NOI $18,051
Tenancy Vacant
Investment Type Core+

1909 Monroe Street, Endicott, NY 13760

Marketing description

1909 Monroe Street presents a well-maintained two-family investment property located in a strong rental-demand area of Endicott, NY. Delivered vacant at closing, this property is an excellent opportunity for a first-time investor, owner-occupant, or seasoned investor looking to expand their portfolio. The building features separate electric service, low landlord utility expenses, a durable metal roof, some replacement windows, and laundry hookups. Situated on a convenient corner lot just one block from Main Street, the property offers easy access to shopping, dining, public transportation, and major employers. Being delivered fully vacant, investors have the opportunity to place their own tenants at current market rents, creating immediate leasing flexibility and income potential. Financialls are based on proforma with rents at fair market value of $1100 for each 2-bedroom unit.

1909 Monroe Street is conveniently located just off Washington Avenue in Endicott, NY, with easy access to NY Route 17/I-86 and a bus line within walking distance. The property is near major employers including BAE Systems and the Phoenix Huron Campus (formerly IBM), supporting strong rental demand. Residents enjoy quick access to downtown Endicott's restaurants, shops, parks, and entertainment, making this a desirable location for both tenants and investors.

Investment highlights

  • Delivered fully vacant, allowing investors or owner-occupants to place their own tenants at current market rents.
  • Well-maintained two-family property featuring separate electric service, low landlord utility expenses, a metal roof, some replacement windows, and laundry hookups.
  • Prime Endicott location just off Main Street with convenient access to public transportation, major employers, shopping, dining, and NY Route 17/I-86.

Listing Contacts

JL
NY NY 10401302147
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$18,051.00
$1,504.25/mo

Valuation Metrics

0
DSCR
10.31%
Cap Rate
10.31%
ROI

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Additional Information

Name
JAMES LUCENTI
License
NY 10401302147
Brokerage
SVN Innovative Commercial Advisors
Title
CRE Advisor
Brokerage Address
520 Columbia Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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