101 Hooper RdEndicott, NY 13760

  • Residential income properties
  • 26,042 SF
For Sale
$2,799,999 View listing

Property Details for 101 Hooper Rd

Year built
1960
Lot size
0.73 AC
Property size (Sq ft)
26,042 SF
Property type
Residential income properties
Property subtype
Multifamily properties

Description

This exceptional 20-unit apartment building, located at 101 Hooper Rd, Endicott, NY 13760, presents a compelling investment opportunity. The property, a Class B multifamily building constructed in 1960 and extensively renovated in 2022, boasts 26,042 square feet on a 0.73-acre lot. The building comprises nine three-bedroom units and eleven two-bedroom units, offering a diverse mix of housing options. Sixteen drive-in garages provide ample parking, with four units benefitting from additional basement storage. Eighteen units feature updated kitchens, bathrooms, and flooring, reflecting recent renovations. Each unit includes its own furnace and water heater for enhanced convenience and separately metered utilities. The property enjoys a prime location directly on Hooper Rd, within the highly desirable Maine Endwell School District, offering easy access to major roadways including the George F Highway and I-86 interchange. With a strong NOI of $182,415 and a 6.51% cap rate, this property offers a significant return on investment. The asking price is $2,799,999, translating to $107.52 per square foot. The property is zoned for multi-residential use, allowing for up to 20 units. Recent improvements include a new roof and new garage doors, further enhancing the property's value and appeal. High daily traffic counts on Hooper Rd (15,357) and Watson Blvd (7,351) underscore the strategic location and potential for strong rental demand.

101 Hooper Rd, Endicott, New York

Location Insight

City
Endicott
County
Broome
State
New York
Latitude
42.1112
Longitude
-76.0179

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