158 Chapin, Binghamton, NY 13905
- $370,000
- 2,154
- SqFt
- List Price
- $370,000
- Status
- ACTIVE
- Region
- Area 03
- MLS#
- 337156
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!
/u.realgeeks.media/homebuyersmarketplace/Brick_Avenue_small_-_Copy.jpg)
Additional Information
- Year Built
- 1960
- Cooling
- None
- Heating
- Gas
Mortgage Calculator
Listing courtesy of Keller Williams Realty Souther.