Endicott Multi Family Portfolio

Highlights

• 4 Premium Buildings in Endicott, NY
• 33 Units
• 38 Beds plus 2 premium Commercial Spaces
• CAP Rate 9.44%
• GRM 6.02
• Price per unit average $54,454

Description

This is an exceptional opportunity to acquire a portfolio of four premium buildings in Endicott, NY, the historic birthplace of IBM and Endicott Johnson Shoes. With the recent arrival of a Battery Manufacturer and Solar Manufacturer, the area has experienced significant real estate market growth. This package includes properties at 102-106 Main St, 310 E Main St, 1104 Monroe Ave, and 303 Robble Ave, totaling 33 units with 38 beds and 2 commercial spaces. The combined gross rents are $320,316, generating a net operating income of $182,179.17, offering a strong 9.44% CAP rate, well above the market average of 8.7%. At $54,454 per unit and a 6.02 GRM, this portfolio represents a highly lucrative investment in a thriving market.

This portfolio offers four premium buildings located in the heart of Endicott, NY, a town rich in history as the birthplace of IBM and Endicott Johnson Shoes. The properties include 102-106 W Main St, 310 E Main St, 303 Robble Ave, and 1104 Monroe Ave, each strategically positioned in a rapidly growing market. Recent developments, including the addition of a new Battery Manufacturer and Solar Manufacturer, have sparked substantial growth in the local real estate market, making this portfolio an exceptional investment opportunity in one of Endicott’s most dynamic areas.

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