19 Mygatt St

Highlights:

• Entire building completely renovated!
• Delivered vacant, find the tenants that you choose.
• Approximately $1.29M in recent renovations.
• All new appliances under warranty.
• New Roof under warranty.
• Each unit has high efficiency mini split system.
• Entire building renovated top to bottom.
• Priced below the cost of the renovations at a pro forma 11. 24% CAP Rate!

Description:

Don't miss this spectacular opportunity to own this fully renovated, centrally located, 12 unit apartment building in Binghamton's First Ward District. This building just had approximately $1.29M in renovations and is being offered for sale for less than the cost of the renovations! Turn key opportunity to fill this building with the tenants that you choose. This is a rapidly developing area with the development of the Charles St Industrial Park and $10M in DRI funds being dedicated to the Clinton Street area. Some of the renovations include: New roof (including sub panels) 20 year warranty, New Electric (800 Amps), New doors, windows, walls and floors. New appliances with manufacturer warranty, Fire Protection System, Sprinkler System, Insulation, HVAC (each unit has high efficiency mini split systems), Plumbing updated and all lead and asbestos removed from the building. Priced to sell at an impressive 11.24% Pro Forma CAP Rate!

This is directly on Mygatt St. in Binghamton's First Ward District. Just 1/4 Mile from Downtown, two blocks from Clinton St. and less than a minute from the I86 interchange this is a central location with fast and easy access to all of Downtown Binghamton's Restaurants, Shops and Amenities. Being so close to the I86 interchange makes all of the Binghamton MSA assessable in a 15 minute drive time. This is a rapidly developing area with the development of the Charles St Industrial Park and $10M in DRI funds being dedicated to the Clinton Street area. This is in a Federal opportunity zone!

Documents: