323 Lower Stella Ireland, Binghamton, NY 13905

$469,900
10
BD
5,415
SqFt
List Price
$469,900
Bedrooms
10
Status
ACTIVE
Region
Area 04
MLS#
315206

Property Description

Long time owner occupied 5 family on 3.47 acres with additional acreage available. Extra special location and area! Apartment 1 is located in the lower level of the building is owner occupied and is the largest apartment. it has open living room/dining kitchen and two spacious bedrooms and large bathroom. Circular driveway in front is for apartment 1. Apartment 2 has recently been remodeled to include a updated bathroom and a remodeled kitchen. Apartment 2 is currently vacant. Apartments 3, 4, and 5 are all tenant occupied. Rents are below market value for the area, all tenants are current on rent. Projected market rents will put the property at an 8%-9% cap rate. Apartments 2-5 all have an assigned space in the carport. There is plenty of additional parking. Coin operated laundry in basement. Updated boiler/water heater. Tenants can enjoy all the natural areas of this 3.47 acre property with easy access to highways, shopping.

Additional Information

Year Built
1970
Cooling
None
Heating
Baseboard

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Frances A. Cook.