514 Davis AveEndicott, NY 13760

Property Details for 514 Davis Ave

Year built

1960

Property size (Sq ft)

4,386 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 7-unit apartment building presents a compelling investment opportunity in the thriving Endicott, NY market. Located at 514 Davis Ave, this Class C multifamily property boasts 4,386 square feet on a 7,508 square foot lot and offers a strong 10.67% cap rate with a Net Operating Income (NOI) of $46,847.60. The asking price is $410,000, translating to $64,286 per unit and $103 per square foot. Built in 1960, the property features a mix of unit sizes to cater to diverse tenant needs: four 1-bedroom units, one 3-bedroom unit, and two studio units. Benefitting from a newly installed roof (2024) on the front house, this property minimizes future maintenance concerns. Its prime location directly across from Ideal Nursing Home provides stunning Susquehanna River and valley views, while its proximity to major employers like the IM3 Gigafactory, BAE Systems, and the Huron Campus ensures high occupancy potential. The property is zoned USF, allowing for flexible future use. This investment offers a blend of scenic beauty, convenient access to amenities and transportation, and strong potential for rental income growth, making it an ideal acquisition for multifamily or mid-rise investors seeking a high-return property in a rapidly developing area.

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.0918

Longitude

-76.0691

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