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42-46 Jackson

$489,900

42 Jackson Avenue, Endicott, NY 13760

Active
Last Updated: 06/21/2024

10.74

Cap Rate

3,780 sqft

Building Size

Details:
Cap Rate:    10.74%
Building Size:    3,780 sqft
Lot Area:    0.11 acres
Units:    7
Year Built:    1965
Zoning:    Urban Multi Family
Floors:    3
Description:

Offered for sale is this 7 Unit complex walking distance to the Huron Campus and the IM3 Battery Manufacturer. This is ideally located to benefit from the new developments in a rapidly developing area. Endicott, NY is the birth place of IBM and Endicott Johnson Shoes. With a long history of hard working people this is area is seeing a resurgence with the announcement of a new Battery Manufacturer, a New Solar Manufacturer and a recent $160M Research and Development grant for Central NY. This building is walking distance to the development site. This is also in a Federal Opportunity Zone. This is recently renovated with many updates. This complex is 7 units in 2 buildings with 2, 3 Bed Units, 4, 1 Bed Units and 1 Studio. 


This is ideally located to benefit from the new developments in a rapidly developing area. Endicott, NY is the birth place of IBM and Endicott Johnson Shoes. With a long history of hard working people this is area is seeing a resurgence with the announcement of a new Battery Manufacturer, a New Solar Manufacturer and a recent $160M Research and Development grant for Central NY. This building is walking distance to the development site. This is also in a Federal Opportunity Zone. 


- 3,780 SF mid-rise building with 7 units
- Spacious and recently renovated units
- Strong rental income potential
- Updated amenities and finishes
- Attractive investment opportunity
- Federal Opportunity Zone

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