For Sale
$330,000

1104 Monroe StEndicott, NY 13760

6-Unit Apartment Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 6-unit apartment building, located at 1104 Monroe Street in Endicott, New York, presents a compelling investment opportunity. Boasting 4,852 square feet on a 0.23-acre lot, this property offers a strong 10.51% cap rate and a net operating income (NOI) of $34,698.58. Built in 1960, the building comprises a mix of unit sizes: three one-bedroom, one two-bedroom, and one four-bedroom unit, ensuring diverse rental income streams. Situated in a rapidly growing area of Endicott, this property benefits from its proximity to key employers such as BAE Systems, the Huron Campus, and IM3, all within walking distance. Its central location near Washington Avenue further enhances its appeal. The property's location within a Federal Opportunity Zone provides additional investment incentives. Note: This property must be purchased as a package with either 310 E Main St or 102-102 W Main St. The asking price is $330,000. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving market. The walkability score of 84 underscores the convenience and desirability of this location. The property's strong cash flow potential, combined with its strategic location and the benefits of the Federal Opportunity Zone designation, makes this an attractive investment for discerning buyers.

Highlights

  • Located in a Federal Opportunity Zone.
  • Exceptional walkability score of 84.
  • Conveniently located within walking distance of Washington Ave, BAE Systems, Huron Campus, and IM3.
  • Situated in a rapidly growing area.

Property Details for 1104 Monroe St

Property type
Apartment buildings
Square Feet
4,852 SF
Year Built
1960
Lot Size (sq. ft)
10,019 SF
Units
6

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.1022055
Longitude
-76.0499433
1104 Monroe St, Endicott, New York

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1104 Monroe St
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