501 E Franklin St - Apartments FOR SALE


Endicott, NY 13760
$12,499,900 USD
607-857-3864
501 E Franklin St, Endicott, NY for Sale
$12,499,900 USD
Apartments - FOR SALE
1/8
null | 6.31% Cap Rate

501 E Franklin St
Endicott, NY 13760


HIGHLIGHTS

  • 54 units for 55+ independent living
  • Convenient location close to shopping, restaurants and medical care
  • 100% occupancy with waiting list
  • Beautiful low-maintenance units
  • Turnkey investment with rent-improvement potential

OVERVIEW

Discover this premier development in Endicott, an unrivaled investment opportunity in Broome County. Featuring 54 units of 55+ housing, Skye View Heights is ready for new owners. Invest now in this growing asset class; the need for adult independent living will only continue to rise. These communities have very low vacancy rates nationwide, and Skye View Heights is no exception. Pristine units boast renovated interior spaces, modern kitchens and baths, laundry, private garages, fireplaces, patios, spacious bedrooms and more. A stable clientele call these buildings home, and owners report no evictions, but rather have a waiting list for occupants. Between the current performance, ability to increase income, and additional development parcels available, this one is a home run.

FOR SALE DETAILS

PRICE

$12,499,900 USD

PRICE/SF

$418 USD /SF

# OF UNITS

54

PRICE/UNIT

$231,480

CAP RATE

6.31%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Skye View Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

PARKING SPACES

24

LAND DETAILS

LAND ACRES

12.81 AC

LAND SF

558,004 SF

ZONING

SSF

APN/PARCEL ID

034601-157-005-0005-022-000-0000,034601-157-005-0005-023-001-0000

ASK ABOUT THIS PROPERTY

Steph JacobsonYaman CommercialMore Info
607-857-3864

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Steph JacobsonYaman CommercialMore Info
607-857-3864

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.