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110 Walnut

$268,000

110 Walnut Street, Binghamton, NY 13905

Active
Last Updated: 04/18/2025

9.74

Cap Rate

3,452 sqft

Building Size

Details:
Cap Rate:    9.74%
Building Size:    3,452 sqft
Lot Area:    6,007 acres
Units:    4
Year Built:    1880
Zoning:    Residential Multi Unit
Floors:    2
Description:

Offered for sale is this 2 building, 4 unit building. Excellent West Side location. Zoned R3 (Permissible for student housing). The West side of Binghamton has significant student housing. This is an area rapidly developing into a popular student housing area. This is walking distance to the bus lines and Downtown Binghamton. This is a well managed and maintained building which is fully leased. The house was converted from oil to Natural Gas in 2019 and all utilities are separated. 2 New boilers. New hot water heaters in the past 5 years. Laundry hookups in the rear building and common areas. Tenants pay all utilities except water and sewer. This property has great cash flow. 


Excellent West Side location. Zoned R3 (Permissible for student housing). The West side of Binghamton has significant student housing. This is an area rapidly developing into a popular student housing area. This is walking distance to the bus lines and Downtown Binghamton. 


In R3 Zoning. Permissible for Student Housing.
4 units in 2 buildings.
2 new boilers.
Water heaters all replaced in the past 5 years.
Laundry hookups in the rear building and in the common areas.
Tenants pay their own utilities. Landlord pays for Water and Sewer.

Map:
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110 Walnut OM
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