7 Tremont Ave - Apartments FOR SALE


Binghamton, NY 13903- Southside East Binghamton
$799,000 USD
607-621-0439
7 Tremont Ave, Binghamton, NY for Sale
$799,000 USD
Apartments - FOR SALE
1/14
null | 8.68% Cap Rate

7 Tremont Ave
Binghamton, NY 13903
Southside East Binghamton


HIGHLIGHTS

  • Solid brick 12-unit building in Binghamton's West Side.
  • Prime location with quick access to Downtown and major highways.
  • Walking distance to parks, Exchange Street Bridge, and downtown amenities.
  • Zoned R3, approved for student housing.

OVERVIEW

Now available for sale, this solid brick 12-unit building is located in Binghamton's sought-after West Side. Positioned just across from the State Street Bridge interchange, the property offers fast and convenient access to Downtown Binghamton and major highway connections. Residents will enjoy being within walking distance of the picturesque South Side Veterans Park, the Exchange Street Bridge, and the vibrant downtown area, with its diverse shops, restaurants, and amenities. Located in an R3 Zone and approved for student housing, this property benefits from a high demand in a versatile location. Featuring 12 one-bedroom units with off-street parking, it is perfectly suited for students or young professionals seeking both convenience and comfort. Recent renovations have enhanced both the building and individual units, making this a turnkey investment opportunity in a high-demand rental market.

FOR SALE DETAILS

PRICE

$799,000 USD

PRICE/SF

$140 USD /SF

# OF UNITS

12

PRICE/UNIT

$66,583

CAP RATE

8.68%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,922 SF

ZONING

R

APN/PARCEL ID

030200-160-065-0002-032-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.