1706 Tracy StEndicott, NY 13760
- Residential income properties
- 6,236 SF
Property Details for 1706 Tracy St
- Year built
- 1920
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 6,236 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a six-unit apartment building located at 1706 Tracy Street, Endicott, New York, 13760. The property consists of two buildings, each three stories high, situated on a 0.16-acre lot. Built in 1920 and extensively renovated in 2017, this Class B multifamily property offers a compelling value-add proposition. The 6,236 square foot complex boasts six units: three large one-bedroom units and three larger three-bedroom units, including a recently renovated and leased two-bedroom unit on the top floor of one building. All units have undergone recent renovations. The property currently enjoys an 83% occupancy rate, generating a strong net operating income (NOI) of $53,185, resulting in a 10.13% capitalization rate. The asking price is $525,000, translating to $87,500 per unit and $84.19 per square foot. Tenants are responsible for their own utilities. The property's central location offers convenient access to Washington Avenue, Huron Campus, main street, bus lines, State Route 26, and the I-86 interchange, enhancing its appeal to a wide range of tenants. This stabilized investment presents a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location with significant upside potential.
Location Insight
- City
- Endicott
- County
- Broome
- State
- New York
- Latitude
- 42.0998
- Longitude
- -76.0414
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].