2700 North Street

Highlights:

• 26 Total Units – 20 One-Bedroom & 6 Two-Bedroom Apartments
• Located in a high-demand rental area with strong cash flow
• Separate electric meters – Tenants pay electric
• Off-street parking available for tenants
• Close to public transportation and key routes (Route 26, Route 17/I-86)
• Value Ad oportunity with huge upside potential.

Description:

Value-Add Opportunity with Significant Upside — Rare opportunity to acquire a 26-unit apartment complex in the highly desirable Maine-Endwell School District, consisting of five connected brick buildings with 20 one-bedroom units and 6 two-bedroom units. The property is intentionally being vacated to allow for a full renovation, creating immediate access for repositioning and a clear path to stabilization without tenant displacement. With current rents below market and pro forma projections based on post-renovation performance, stabilized rents of $900 for one-bedroom units and $1,050 for two-bedroom units support a projected gross operating income of $291,600 and an estimated after-repair value exceeding $2,000,000. Ideally located in a strong rental corridor with proximity to major employers including Huron Campus, BAE Systems, and Gault Chevrolet, as well as shopping, dining, medical services, public transportation, and convenient access to Route 26 and Route 17/I-86, the asset offers strong demand drivers and long-term growth potential. Property features include separately metered electric (tenant-paid), two gas meters serving the central boiler, hot water, and cooking gas, and a central boiler replaced within the past 12 years, with additional upside through expense reduction via conversion to electric heat and cooking. This is a compelling value-add investment opportunity that may also be purchased as part of a portfolio with 3205 Main Street (9 units) located within walking distance.

Discover the endless potential of 2700 North Street in Endicott, NY—a prime commercial property located in a community experiencing exciting revitalization and growth. Positioned just steps away from the site of the former IBM building, which is currently being taken down to make way for new development, this location offers a unique opportunity to be part of the next chapter in Endicott’s evolution. The area is surrounded by key employers and established businesses such as Gault Chevrolet, the innovative Huron Campus, and BAE Systems, making it a hub of professional activity and economic momentum. With easy access to major routes and public transportation, including a nearby bus line, this site offers both visibility and convenience for clients, employees, and customers. Just minutes from the walkable Washington Avenue district and close to local dining, shops, and parks, this location combines business potential with community charm—an ideal setting for office space, a startup, or long-term investment. This building can be purchased with a 9 unit located at 3205 Main Street. Both buildings are within walking distance making for efficient property management.

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