Available For Sale - Multifamily

9,744 SF | Show Pricing $

LISTED BY

James Lucenti
SVN | Innovative Commercial Advisors, 607-354-6206

AVAILABILITY DETAILS

Size
9,744 SF
Price/SF
Show Pricing $
Listing ID
SA531935
Notes
SVN Innovative Commercial Advisors presents an excellent investment opportunity with the offering of an all-brick exterior 5-building complex, comprising 20 units, conveniently located near downtown Binghamton, on the bus line, and walking distance to Court Street. Each building consists of one 2-bedroom apartment (approximately 558 sq feet) and three 1-bedroom apartments (approximately 475 sq ft). There is a parking lot located at the back of the building for off-street parking and 10 garage spaces ($50/mo). There is coin-op laundry in the basement for additional income. Apartments are generous size with abundant natural lighting. Updates included a new roof on one building, replacement windows in 2 buildings. Half the complex has been converted to electric baseboard heat, and the rest of complex is a mixture of baseboard and forced hot air. Tenants pay electric, landlord pays gas. Same owner for past 12 years. Refinanced in 2021 and switched LLC.
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
James Lucenti, SVN | Innovative Commercial Advisors
BRE# 104013002147