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162 Chapin St

$1,599,000

162 Chapin Street, Binghamton, NY 13905

Active
Last Updated: 03/25/2025

6.64

Cap Rate

106,115.92

NOI

Details:
Cap Rate:    6.64%
NOI:    $106,115.92
Building Size:    14,052 sqft
Lot Area:    0.36 acres
Units:    20
Occupancy:    100%
Year Built:    1975
Zoning:    Multi Residential
Floors:    3
Description:

Offered for sale is this 20 unit complex in the heart of Binghamton's West Side. This is in an excellent location. One block from Main St. This is walking distance to the Bus lines and all of Downtown Binghamton's Restaurants, Night Clubs, Shops and amenities. There's been significant recent renovations to the complex. The common areas in all 3 buildings have been renovated. 10 of the units have been completely renovated and rents increased. Renovations are under way in 2 units and there is plenty of value add opportunity. This complex is a secure building with security Cameras. Off street parking. This is an excellent opportunity.


This is an excellent location. One block from Main St and walking distance to the Bus lines and Downtown Binghamton's Restaurants, Shops, Night Clubs and amenities. Central Binghamton location. 


Solid Rent Roll.
Secured Buildings.
Off Street parking.
Excellent location.
All common areas renovated.

Map:
Location