59 Grand Ave - Apartments FOR SALE


Johnson City, NY 13790
$630,000 USD
607-621-0439
59 Grand Ave, Johnson City, NY for Sale
$630,000 USD
Apartments - FOR SALE
1/1
null | 10.22% Cap Rate

59 Grand Ave
Johnson City, NY 13790


HIGHLIGHTS

  • Prime location near Johnson City developments, including the Pharmaceutical Campus and UHS medical complex.
  • Fully leased 8-unit building with one-bedroom units ideal for students, faculty, and traveling nurses.
  • On-site laundry facilities and off-street parking for tenant convenience.
  • Additional garage stalls offer potential for extra income.
  • Walking distance to major institutions driving high rental demand.
  • Turnkey investment opportunity in a thriving area poised for growth.

OVERVIEW

Exceptional Investment Opportunity! This fully leased, turnkey 8-unit building is perfectly positioned to benefit from Johnson City's growing developments. Located within walking distance of the cutting-edge Pharmaceutical Campus and the expansive UHS medical complex, this property is ideally suited for students, faculty, and traveling nurses. Each of the 8 one-bedroom units offers a desirable setup for tenants, complemented by on-site laundry facilities, off-street parking, and additional garage stalls that present the potential for extra income. This well-maintained property is a smart choice for investors looking to capitalize on the area's development and high rental demand. Located in the heart of Johnson City's rapidly growing community, these buildings offer a prime position to capitalize on the area's exciting new developments. Just a short walk away, you'll find the state-of-the-art Pharmaceutical Campus, the expansive UHS medical complex, and more upcoming campuses, making this location ideal for investment or redevelopment opportunities.

FOR SALE DETAILS

PRICE

$630,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

8

PRICE/UNIT

$78,750

CAP RATE

10.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

USF

APN/PARCEL ID

034603-143-074-0001-026-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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