158 Chapin Street, Binghamton, NY 13905

$370,000
3,231
SqFt
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List Price
$370,000
Status
ACTIVE
MLS#
R1702566
Year Built
1960
Stories
3
Acres
0.14
Living Area
3,231
Region
Binghamton
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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!

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Additional Information

Taxes
$3,579
School District
Binghamton
Water
Public
Sewer
Public Sewer
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Listing courtesy of Keller Williams Realty Southern Tier & Finger Lakes. Contact: