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 a prime investment opportunity with the sale of this all-brick exterior 5-building complex, featuring 20 units and ideally situated near downtown Binghamton. The property is conveniently located on the bus line and within walking distance of Court Street. Each building offers one 2-bedroom apartment (approximately 558 sq. feet) and three 1-bedroom apartments (approximately 475 sq. feet). The complex includes an off-street parking lot at the back and garage spaces available for $50 per month. Additionally, coin-operated laundry facilities in the basement provide extra income potential. The apartments are generously sized with ample natural light. Updates include replacement windows in two buildings, and conversion of half the complex to electric baseboard heat. Tenants are responsible for electric costs, while the landlord covers gas. Value-add opportunity with renovations and potential to increase rents. The property has been under the same ownership for the past 12 years, with a refinance in 2021 and a recent switch to 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