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Listed price in listed location currency (USD).
$730,000

008

MLS® R1702552

Overview

Key Facts

Type Apartment
Levels Commercial Sale
Size 7820 sqft
Garage 
Maintenance Fees 
Taxes $11,049
Days Active 7
Approx. Age 1960
Avg. Price Per Sqft $93
MLS® Number R1702552

Property Address: 175 Chapin St, Binghamton, NY, 13905-2977

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

Description

Turn-key investment opportunity! Excellent 8-unit multi-family property featuring eight individual 1-bedroom apartments with a strong Net Operating Income of $65, 647 after expenses. Landlord utility expenses (water, sewer, and common electric) total just $2, 852/year. The building offers plenty of off-street parking behind the building for each tenant and is designed for low-friction management, featuring 9 separate electric meters (8 tenant-paid, 1 landlord meter for common spaces). Additional income stream provided by on-site coin-operated laundry facilities generating approximately $2, 000/year ($500/qtr). Security-enabled building features a locked front entry with postal key access, plus a remote-viewable security camera system that transfers to the new owner. Well-maintained property with a solid rental history, established rental schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. Perfect addition to any portfolio!
MLS® NumberR1702552
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1960
Stories2
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

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