80 Conklin Ave - Apartments FOR SALE


Binghamton, NY 13903
$1,195,000 USD
607-760-2898
80 Conklin Ave, Binghamton, NY for Sale
$1,195,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

80 Conklin Ave
Binghamton, NY 13903


HIGHLIGHTS

  • Across The Street From Exchange Street Bridge
  • Easy Downtown Binghamton Accessability
  • Potential For More Renovation And Greater Rental Numbers

OVERVIEW

Discover an exceptional investment opportunity in the heart of Binghamton's vibrant south side! This spacious multifamily building boasts approximately 16,000 square feet and features 18 two-bedroom apartments, making it an ideal choice for investors seeking strong rental income. Currently, 15 of the 18 apartments are rented, providing a solid and immediate income stream with the upside of developing this into an outstanding project. Each unit is designed with spacious 2-bedroom layouts, catering to a wide range of tenants. This can be outstanding market rate units or student housing. The property is located across the street from the Exchange Street Bridge, with direct walking access to downtown Binghamton. Units have separate electrical meters, prime for additional income. This building is a must-see! See attached spreadsheets for further insight and detail! Contact us today for more details or to schedule a viewing.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$75 USD /SF

# OF UNITS

18

PRICE/UNIT

$66,389

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

80 Conklin Ave, Binghamton, NY 13903

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

Residential Multi Unit

APN/PARCEL ID

030200-160-058-0003-002-000-0000

ASK ABOUT THIS PROPERTY

John MaczkoMaczko Realty LLCMore Info
607-760-2898

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John MaczkoMaczko Realty LLCMore Info
607-760-2898

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