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Albert St. & Crocker Ave.

$554,000

57 Albert Street, Johnson City, NY 13790

Active
Last Updated: 10/02/2024

9.71

Cap Rate

6,441 sqft

Building Size

Details:
Cap Rate:    9.71%
Building Size:    6,441 sqft
Lot Area:    8,750 acres
Units:    8
Year Built:    1920
Zoning:    NC
Floors:    2
Description:

Offered for sale is 3 buildings in very close proximity with 8 Units. This is an ideal location to benefit from a rapidly expanding Market. Over the past few years Johnson City has seen significant development. SUNY has opened a new Pharmaceutical School and is planning a Nursing School and Dentistry School. The United Health Services campus has dramatically increased their footprint in the area making the area a hub for Health care regionally. This has rapidly expanded the need for additional quality housing in the area. 57 59 Albert and 14 Crocker are walking distance to the new Campus and the expanded UHS complex making this an ideal location for students and or young professionals in the area. 14 Crocker is 4 Units. All units have been renovated in the past 5 years. Separate utilities. Coin op laundry. 57 and 59 Albert is 2 Buildings on the same tax parcel. 57 Albert is a single home and 59 Albert has 3 Units.


This is an ideal location to benefit from a rapidly expanding Market. Over the past few years Johnson City has seen significant development. SUNY has opened a new Pharmaceutical School and is planning a Nursing School and Dentistry School. The United Health Services campus has dramatically increased their footprint in the area making the area a hub for Health care regionally. This has rapidly expanded the need for additional quality housing in the area. 57 59 Albert and 14 Crocker are walking distance to the new Campus and the expanded UHS complex making this an ideal location for students and or young professionals in the area. 


Excellent location.
Walking distance to UHS and the Pharmaceutical School.
Strong rental demand.
14 Crocker all units renovated in the past 5 years.

Map:
Documents:
Title
57-59 Albert + 14 Crocker OM
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