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3205 E Main St
Endwell, NY 13760
Multifamily Property For Sale
·
9 Units
Investment Highlights
- Fully occupied 9-unit multifamily property with strong rental history and stable in-place cash flow
- Separate utilities for reduced operational expenses and future maintenance concerns
- Recent capital improvements including new HVAC system and updated electrical
- Convenient access to shopping, restaurants, and employers. Located in the desirable Maine-Endwell Central School District
Executive Summary
Property Description
3205 E Main Street presents a rare opportunity to acquire a fully occupied 9-unit multifamily asset in the heart of Endwell. Located within the desirable Maine-Endwell Central School District and directly on the bus line, the property benefits from strong tenant demand, a proven occupancy history, and stable in-place cash flow. Recent capital improvements include a new HVAC system, updated electrical, with separate utilities, enhancing operational efficiency and reducing future maintenance concerns. Positioned in a strong rental corridor near shopping, restaurants, major employers, and key transportation routes, the property offers convenient access to both Endicott and Binghamton. Historically known as the birthplace of IBM, Endicott continues to experience steady revitalization and reinvestment, supporting long-term rental demand and investment stability throughout the market. This is an excellent opportunity for investors seeking a stabilized multifamily property with recent upgrades, reliable performance, and long-term upside in one of Broome County’s most established rental markets.
Location Description
Discover the vibrant surroundings of the Endicott area, where a rich history meets modern convenience. Located in the heart of the Southern Tier, this dynamic community offers proximity to major employers, including IBM, BAE Systems, and Endicott Interconnect Technologies. Endicott is also known for its picturesque parks, such as Highland Park and Arnold Park, providing an idyllic setting for outdoor activities and relaxation. The area boasts a diverse array of dining options, boutique shops, and cultural attractions, creating an inviting environment for professionals and visitors alike. With its strategic location and thriving local amenities, the Endicott area presents an enticing opportunity for office building investors seeking a prime commercial real estate location.
3205 E Main Street presents a rare opportunity to acquire a fully occupied 9-unit multifamily asset in the heart of Endwell. Located within the desirable Maine-Endwell Central School District and directly on the bus line, the property benefits from strong tenant demand, a proven occupancy history, and stable in-place cash flow. Recent capital improvements include a new HVAC system, updated electrical, with separate utilities, enhancing operational efficiency and reducing future maintenance concerns. Positioned in a strong rental corridor near shopping, restaurants, major employers, and key transportation routes, the property offers convenient access to both Endicott and Binghamton. Historically known as the birthplace of IBM, Endicott continues to experience steady revitalization and reinvestment, supporting long-term rental demand and investment stability throughout the market. This is an excellent opportunity for investors seeking a stabilized multifamily property with recent upgrades, reliable performance, and long-term upside in one of Broome County’s most established rental markets.
Location Description
Discover the vibrant surroundings of the Endicott area, where a rich history meets modern convenience. Located in the heart of the Southern Tier, this dynamic community offers proximity to major employers, including IBM, BAE Systems, and Endicott Interconnect Technologies. Endicott is also known for its picturesque parks, such as Highland Park and Arnold Park, providing an idyllic setting for outdoor activities and relaxation. The area boasts a diverse array of dining options, boutique shops, and cultural attractions, creating an inviting environment for professionals and visitors alike. With its strategic location and thriving local amenities, the Endicott area presents an enticing opportunity for office building investors seeking a prime commercial real estate location.
Property Facts
| Price Per Unit | $47,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 12.56% | Building Size | 7,920 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment | ||
| Zoning | GC - General Commercial | ||
| Price Per Unit | $47,222 |
| Sale Type | Investment |
| Cap Rate | 12.56% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,920 SF |
| No. Stories | 3 |
| Year Built | 1970 |
| Zoning | GC - General Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
Property Taxes
| Parcel Number | 034689-142-017-0007-031-000-0000 | Improvements Assessment | $4,565 |
| Land Assessment | $2,500 | Total Assessment | $7,065 |
Property Taxes
Parcel Number
034689-142-017-0007-031-000-0000
Land Assessment
$2,500
Improvements Assessment
$4,565
Total Assessment
$7,065
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