Listed by Howard Hanna Real Estate Services
$449,000
412 ADAMS AVE ENDICOTT NY 13760
Details
APN 034601 157.11-5-11
Property Type Retail, Multifamily
Sub Type Student Housing, Apartment Building
Square Footage 7,633
Units 5
Cap Rate 11.50%
Tenancy Multi
Year Built 1940
Buildings 2
Stories 3
Acreage 0.180
Zoning legal non-conforming
Ground Lease No
About This Property for Sale
Marketing description
Rare 11.5% cap rate on a fully leased 5-unit investment — two buildings on one parcel with 14 bedrooms. The 4-unit front building features two oversized 3BR/1.5BA apartments plus two 2BR units renting below market. Out back, a completely renovated 4BR/2BA single-family home (new kitchen, flooring, newer gas boiler, radon mitigation) leased at $1,700/mo. Minimal owner expense load — tenants pay heat, electric, gas and trash. Off-street parking for 10. Strong Endicott rental market: 60.6% renter-occupied, minutes from BAE Systems' $65M campus expansion and 15 minutes from Binghamton University. Contact Keith Arnold, Licensed Associate Real Estate Broker, Howard Hanna Endwell, NY. Cell 607-651-3369. [email protected].
Listing Contacts
Listed by Howard Hanna Real Estate Services
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