303 Robble AveEndicott, NY 13760

Property Details for 303 Robble Ave

Year built

1970

Property size (Sq ft)

3,992 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 5-unit apartment building in Endicott, NY, presents a compelling investment opportunity. Located in a Federal Opportunity Zone, this fully leased property boasts a strong 8.88% cap rate and a substantial net operating income of $26,632.87. Built in 1970, the solid brick structure offers 3,992 square feet on a 6,114 square foot lot, with each unit priced at $60,000. The property enjoys 100% occupancy and is conveniently situated within walking distance of major employers including the Huron Campus, BAE Systems, and IM3, benefiting from the area's projected job growth fueled by recent announcements of new manufacturing facilities. Ample off-street parking is available. This turnkey investment offers significant potential for long-term appreciation in a thriving market. The property's prime location and strong tenant base make it an attractive option for investors seeking stable income and future growth. The asking price is $299,999, representing a price per square foot of $75. This is a rare chance to acquire a well-maintained, fully leased multifamily property in a rapidly developing area with a strong economic outlook. The permitted zoning is Federal Opportunity.

Location Insight

City

Endicott

County

Broome

State

New York

Latitude

42.1129

Longitude

-76.0546

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