SQUARE FEET3,231
MLS#R1702566
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLBinghamton
Property 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!
Property Features
Property Type: Commercial - Business
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.14 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $3,579
Year Built: 1960
Feature Descriptions
Days on Site: 27
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 50X121
Parcel#: 030200-160-031-0003-042-000-0000
Sewer: Public Sewer
Units: 5
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Binghamton
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Southern Tier & Finger Lakes
Agency Phone: (607) 795-2900
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
Disclaimer:
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158 Chapin Street | MLS# R1702566
This commercial property located at 158 Chapin Street, Binghamton, NY 13905 is currently listed for sale with an asking price of $370,000. Chapin Street is located within the Binghamton school district. Search Binghamton real estate on www.coldwellbankerchoice.com today.