71 Albert St - Apartments FOR SALE


Johnson City, NY 13790
$374,900 USD
607-481-5660
71 Albert St, Johnson City, NY for Sale
$374,900 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

71 Albert St
Johnson City, NY 13790


HIGHLIGHTS

  • Turnkey investment
  • 4-car garage can be rented for additional income
  • 3 furnished apartments
  • Fully renovated apartments
  • Close to UHS Wilson Hospital, restaurants, Johnson City downtown, amenities
  • Close to the Oakdale Commons (mall)

OVERVIEW

Property Description Fully renovated, turnkey 4-family property located in Johnson City offering a strong blend of stability and upside for investors. The building features 4 units, with 3 furnished apartments and 1 unfurnished unit, providing flexibility for both short-term or traditional rental strategies. Each apartment has been thoughtfully updated with newer kitchens, modern bathrooms, laminate flooring, and fresh paint throughout, creating a clean and attractive living space for tenants. The property has been well cared for, with key mechanical updates already completed, including a newer boiler serving one of the main apartments and a new heater installed in the garage apartment. In addition, the property includes a 4-car garage, presenting an excellent opportunity for additional income through tenant or third-party rentals. This is a true turnkey asset ideal for investors looking for a low-maintenance property with immediate income potential. The furnished units offer the opportunity to command premium rents, while the overall condition minimizes near-term capital expenditures. Located in close proximity to local amenities, healthcare, shopping, and major roadways, this property is well-positioned to attract and retain tenants. Location Description 71-73 Albert Street is strategically located in Johnson City just off Main Street, placing it in one of the area’s most accessible and tenant-demand-driven corridors. The property benefits from immediate access to Route 17 (I-86), providing efficient connectivity throughout the Southern Tier and supporting consistent rental demand. The asset sits within close proximity to UHS Wilson Medical Center, a major local employer, along with nearby retail, dining, and public transportation options. This location supports a strong tenant base driven by healthcare, service, and local workforce employment, helping to stabilize occupancy over time. From an investment perspective, the walkability, central location, and access to key amenities make this an attractive option for both current tenants and future leasing. Its positioning between Johnson City and downtown Binghamton further enhances long-term demand and rental upside potential.

FOR SALE DETAILS

PRICE

$374,900 USD

PRICE/SF

$118 USD /SF

# OF UNITS

4

PRICE/UNIT

$93,725

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

UMF

APN/PARCEL ID

034603-143-064-0001-032-000-0000

ASK ABOUT THIS PROPERTY

Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

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Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

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