33 and 31.5 Pine St

Description:

This is a rare offering in the rapidly developing stadium district. One block from Mirabito stadium. This is the sale of 2 parcels. 31.5 Pine and 33 Pine. They must be sold together. 33 Pine is 13 Beds and has a permit from the City for congruent living. All beds have been leased for 5 years starting at $450/Bed with 5% annual increases. This comes with a parking lot connected to 31.5 Pine. 31.5 Pine is a leased 4 Bedroom home. 33 Pine is all newly renovated. The tenant pays all expenses except Insurance and Taxes. The Commercial space has a new 3 year lease at $1,000/M. This investment offers a high return, ease of management and long term stability and a low vacancy.


Ideally situated in the rapidly developing Binghamton Stadium district. This complex is one block from Mirabito stadium. This has a very walkable score of 79 and is walking distance to public and Student transportation. 


3 Income Sources. Main Building has 13 Beds, a 4 Bedroom Home leased to students and Commercial Space.
100% Leased.
13 Beds leased for 5 years with 5% increases.
Tenants pay all expenses except Insurance and Taxes. 
Stable income with Growth potential.

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