Investment Property for Sale at 412 Adams Avenue in Endicott, New York for $419,000

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412 Adams Avenue | ENDICOTT

$419,000 | 14 Beds (6 Full, 2 Half) | 7,633 Sq. Ft.

FULLY OCCUPIED! Rare 11.5% cap rate on a fully leased 5-unit investment property — two buildings, one parcel, 14 bedrooms total! The 4-unit front building offers two oversized 3BR/1.5BA lower apartments at $1,500 each and two 2BR/1BA upper units renting below market — built-in upside at turnover. Out back, a completely renovated 4BR/2BA single-family home with new kitchen, new flooring, newer gas boiler and operational radon mitigation system, already leased at $1,700/mo. $76,800 scheduled gross income with minimal owner expenses: tenants pay heat, electric, gas and trash — landlord covers only water/sewer and insurance. Six electric meters and two gas meters. Off-street parking for 10 vehicles. Convenient Union-Endicott location close to shopping, restaurants and public transit. Long-term leases in place; financials available. Turnkey cash flow with room to grow — a portfolio-grade income property in the heart of Endicott. Call your agent today. GBAR MLS #336974

Directions to property: Main St to Adams Avenue; property on Adams between Main & Monroe

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Keith Arnold
Listing Agent Phone: 
607-651-3369
Listing Agent Email: 
keitharnold [at] howardhanna [dot] com (send a message)
Listing Office Name: 
HOWARD HANNA
Listing Office Phone: 
607-754-2600