Available For Sale - Multifamily

3,780 SF | Show Pricing $

LISTED BY

Scott Warren CCIM
SVN | Innovative Commercial Advisors,

AVAILABILITY DETAILS

Size
3,780 SF
Price/SF
Show Pricing $
Listing ID
SA541566
Notes
Offered for sale is this 8-unit complex located within walking distance of the Huron Campus and the IM3 Battery Manufacturer, making it ideally positioned to benefit from the rapid development in the area. Endicott, NY, known as the birthplace of IBM and Endicott Johnson Shoes, is a community with a proud history of hard-working people. The area is experiencing a resurgence with the announcement of a new battery manufacturer, a solar manufacturer, and a recent $160 million research and development grant for Central New York. This property is located in a Federal Opportunity Zone and has been recently renovated with many updates.

The portfolio includes three properties on two tax parcels. The first, 40 Jackson, is a renovated 3-bedroom, 1.5-bath house. The second, 42-46 Jackson, consists of two buildings: the front house features two 3-bedroom apartments, two 1-bedroom apartments, and the potential for an additional studio apartment in the basement with some finishing work. The rear house includes two 1-bedroom apartments. Off-street parking is also available. With its proximity to key development sites and its location in a growing and revitalized area, this portfolio offers an excellent investment opportunity. Price is based on a proforma with the 1 vacancy filled at fair market rent value
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Scott Warren CCIM, SVN | Innovative Commercial Advisors