514-516 Davis

514 Davis Ave Endicott, NY 13760

514 Davis Ave, Endicott, NY, 13760
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$410,000
Last Verified:
Nov 15, 2024

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Highlights

  • 4,386 SF building with 7 units
  • Ideal for multifamily/mid-rise investors
  • New Roof in 2024
  • Zoned USF for flexible use
  • Located in a rapidly developing area, Endicott, NY.
  • Strong potential for rental income
  • Picturesque views.
  • Spacious units for tenant comfort
  • Proximity to amenities and transportation
  • Prime investment opportunity in growing market

Description

Discover an exceptional 7-unit complex located in the heart of Endicott, NY. Perfectly positioned to take advantage of the area's rapid growth, this multi-family property sits directly across from Ideal Nursing Home.

Residents will enjoy stunning views of the Susquehanna River and the surrounding valley. The central location offers convenient access to major employers such as the new IM3 Gigafactory, BAE Systems, and the Huron Campus, all just minutes away.

The complex includes four 1-bedroom units, one 3-bedroom unit, and two studios, providing a variety of living options to suit diverse needs. Additionally, a new roof was installed on the front house in 2024, ensuring long-term value and reduced maintenance for future owners.

Experience a blend of scenic beauty and modern convenience at this property.

This prime location offers significant benefits in a rapidly developing area. Situated directly across from Ideal Nursing Home, this multi-family property provides residents with breathtaking views of the Susquehanna River and the surrounding valley. Enjoy the convenience of a central location, just minutes away from the new IM3 Gigafactory, BAE Systems, and the Huron Campus. This property combines scenic beauty with close proximity to key economic developments, making it an ideal choice for those seeking a vibrant and connected community.


Year Built: 1960
Building Size: 4386sq ft
Lot Size: 0.17 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 514 Davis Ave, Endicott, NY, 13760

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What are Real Estate Incentives?

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."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.