42-46 Jackson

Highlights:

• 8-unit complex within walking distance of the Huron Campus and IM3 Battery Manufacturer.
• Spacious and recently renovated units
• Strong rental income potential
• Updated amenities and finishes.
• Attractive investment opportunity. Includes off-street parking.
• Federal Opportunity Zone
• Located in Endicott, NY, birthplace of IBM and Endicott Johnson Shoes, now experiencing a resurgence with: A new battery manufacturer, A solar manufacturer, A $160M research and development grant for Central NY.

Description:

Offered for sale is this 8-unit complex located within walking distance of the Huron Campus and the IM3 Battery Manufacturer, making it ideally positioned to benefit from the rapid development in the area. Endicott, NY, known as the birthplace of IBM and Endicott Johnson Shoes, is a community with a proud history of hard-working people. The area is experiencing a resurgence with the announcement of a new battery manufacturer, a solar manufacturer, and a recent $160 million research and development grant for Central New York. This property is located in a Federal Opportunity Zone and has been recently renovated with many updates.
The portfolio includes three properties on two tax parcels. The first, 40 Jackson, is a renovated 3-bedroom, 1.5-bath house. The second, 42-46 Jackson, consists of two buildings: the front house features two 3-bedroom apartments, two 1-bedroom apartments, and the potential for an additional studio apartment in the basement with some finishing work. The rear house includes two 1-bedroom apartments. Off-street parking is also available. With its proximity to key development sites and its location in a growing and revitalized area, this portfolio offers an excellent investment opportunity. Price is based on a proforma with the 1 vacancy filled at fair market rent value


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.

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