255 Main Street

$525,000

255 Main Street, Binghamton, NY 13905

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 09/11/2023

Details:

Cap Rate: 20.6%

NOI: $108,131.07

Building Size: 8,316 sqft

Lot Area: 0.34 acres

Units: 7

Year Built: 1970

Floors: 3

Offered by Broker

Matthew Karlgut

Scott Warren

Broker and Managing Director

SVN Innovative Commercial Advisors

#10491212432

Request Info to Unlock

Description:

Offered for sale, this 7 Unit, with 21 bedrooms, has huge upside potential. Updated electrical, plumbing, and a new rubber roof! Separate utilities.
Owner estimates approximately $70,000 to complete project. Meets City of Binghamton zoning requirements for student housing.
6 bay garage can be utilized for additional income.

Centrally Located in great student neighborhood! Walking distance to groceries, shops, and restaurants. 4miles to Binghamton University, 2 miles to downtown.

Separate Utilities