Endicott Multifamily Portfolio

This portfolio offers four premium buildings located in the heart of Endicott, NY, a town rich in history as the birthplace of IBM and Endicott Johnson Shoes. The properties include 102-106 W Main St, 310 E Main St, 303 Robble Ave, and 1104 Monroe Ave, each strategically positioned in a rapidly growing market. Recent developments, including the addition of a new Battery Manufacturer and Solar Manufacturer, have sparked substantial growth in the local real estate market, making this portfolio an exceptional investment opportunity in one of Endicott’s most dynamic areas.This is an exceptional opportunity to acquire a portfolio of four premium buildings in Endicott, NY, the historic birthplace of IBM and Endicott Johnson Shoes. With the recent arrival of a Battery Manufacturer and Solar Manufacturer, the area has experienced significant real estate market growth. This package includes properties at 102-106 Main St, 310 E Main St, 1104 Monroe Ave, and 303 Robble Ave, totaling 33 units with 38 beds and 2 commercial spaces. The combined gross rents are $320,316, generating a net operating income of $182,179.17, offering a strong 9.44% CAP rate, well above the market average of 8.7%. At $54,454 per unit and a 6.02 GRM, this portfolio represents a highly lucrative investment in a thriving market.