51 and 59 Grand Avenue

51 and 59 Grand Avenue Johnson City, NY 13790

51 and 59 Grand Avenue, Johnson City, NY, 13790
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$554,000
Last Verified:
Mar 11, 2023

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Highlights

  • 2 Buildings with 11 Units.
  • The Tudor style building is suitable for Executive living.
  • 7 Garages.
  • Off Street Parking.
  • Laundry available.
  • Walking distance to the new Pharmaceutical School and the UHS Campus.
  • Great value add opportunity.

Description

Tremendous opportunity ! This is the sale of 2 buildings. Side by side. 11 Units. These buildings are in an excellent location to take advantage of the new developments in Johnson City, NY. These are walking distance to the New Pharmaceutical Campus, The UHS complex and the new Campuses planned in Johnson City, NY. This offering includes an 8 unit building all one bedroom units which is a perfect setup for Students, Faculty at the college or travel Nurses at UHS. The 3 unit Tudor building next door is suitable for Executive living. These buildings include Laundry, a 7 car garage (the current owner is willing to leaseback some of the garage space) and there is loft space available above the garage for additional development or storage. The current rents are well below market rates.

These buildings are in an excellent location to take advantage of the new developments in Johnson City, NY. These are walking distance to the New Pharmaceutical Campus, The UHS complex and the new Campuses planned in Johnson City, NY.

Building Size: 8997sq ft
Lot Size: 0.48 acres


Documents

Offering Memorandum
Grand 51 and 59 Pro Forma.pdf
Binghamton University- State University of New York-University-2023-01-02.pdf

Map of 51 and 59 Grand Avenue, Johnson City, NY, 13790

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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