158 Chapin ST, Binghamton, NY 13905
158 Chapin ST, Binghamton, NY 13905
158 Chapin ST, Binghamton, NY 13905
158 Chapin ST, Binghamton, NY 13905
158 Chapin ST, Binghamton, NY 13905
158 Chapin ST, Binghamton, NY 13905
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$ 370,000
Est. payment | /mo

3,231 SqFt


$ 370,000
Est. payment | /mo

3,231 SqFt

Key Details

Property Type Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 3,231 sqft

Price per Sqft $114

MLS Listing ID R1702566

Construction Status Existing

HOA Y/N No

Year Built 1960

Annual Tax Amount $3,579

Lot Size 6,050 Sqft

Acres 0.1389

Lot Dimensions 50X121

Property Sub-Type Apartment

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!

Location

State NY

County Broome

Area Binghamton-City-030200

Zoning YES

Direction Take Exit 4B toward Binghamton/Corning. Merge onto NY-17 W / I-86 W and take Exit 72 for Front St. Turn left onto Front St, cross the bridge onto Route 17C / Main St, then turn left onto Chapin St. 158 Chapin St will be on your left

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Inclusions Equipment

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Total Parking Spaces 2

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Construction Status Existing

Schools

School District Binghamton

Others

Tax ID 030200-160-031-0003-042-000-0000

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Virtual Tour https://visithome.ai/ZJT6aANaHbe2jMjTvC7UFf?mu=ft

Listed by Keller Williams Realty Southern Tier & Finger Lakes

NEARBY SCHOOL & BUSINESS

Houstir Inc

+1(888) 897-9667

support@houstir.com

1300 Eastman Ave, Ventura, California, 93003

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158 Chapin ST