158 Chapin Street, Binghamton, NY 13905
sale
$370,000
|
Apartment
Courtesy Of Keller Williams Realty Southern Tier & Finger Lakes
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!
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Property Features
- Age: Over 50 Years Old
- Building Units: 5
- Floors: 3
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: R1702566
- Parking Spaces: 2
- Roof Type: Shingle
- Rooms: Basement
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