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Listed price in listed location currency (USD).
$370,000

002

MLS® R1702566

Overview

Key Facts

Type Apartment
Levels Commercial Sale
Size 3231 sqft
Garage 
Maintenance Fees 
Taxes $3,579
Days Active 7
Approx. Age 1960
Avg. Price Per Sqft $114
MLS® Number R1702566

Property Address: 158 Chapin St, Binghamton, NY, 13905-2980

Average square foot calculated using Size range provided by listing agent.

Description

Turn-key investment opportunity! Excellent 5-unit multi-family property featuring five individual 1-bedroom apartments delivering a strong Net Operating Income (NOI) of $37, 539 after expenses, representing a solid 10% cap rate. Total landlord utility expenses (electric, gas, water, and sewer) are $8, 809/year. The property includes high-speed internet bundled into operations to power the remote-accessible security camera system, which transfers to the new owner upon sale. Well-maintained with a solid rental history, established annual rent schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. A fantastic addition to any portfolio!
MLS® NumberR1702566
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1960
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatGas, Forced Air
A/C

Extras

Equipment

Map

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