Multi-Family Space For Lease @ 257 Main St

Excellent investment in close proximity to the new University in Johnson City, NY. This building represents a huge value add opportunity. This building is located at the intersection of Main and Avenue D at the end of Broad Ave. This is a short walk to the new Pharmaceutical School. If location is everything then this building has it all. This is 18 Residential units and 2 very large Commercial Spaces. Each residential unit has it's own furnace. The building is separately metered. The Landlord pays for the water heaters and common areas while tenants pay the remainder of their own utilities. There are a total of 25 Beds in the complex. 1 Studio, 1-3 Bed Unit, 5-2 Bed Units and 11-1 Bed Units plus 2 massive street level Commercial spaces suitable for a number of uses. This is a very walkable location with a walkable score of 82. This is an excellent value add opportunity.
FINANCIALS QUOTED ARE PRO FORMA AND ARE AN ESTIMATE BASED ON MARKET RENTS POST RENOVATION. This space offers accomodations for: midrise.