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17453739
17453735

327 Main St, Binghamton, NY 13905

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors
$860,000
780 days on market
Updated 2 days ago

327 Main St

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,904
Units 10
Cap Rate 9.50%
NOI $89,093
Year Built 1965
Acreage 0.280

Multifamily | 9.50% CAP | 10 Units

Marketing description

Offered for sale is a 10-unit multifamily property located on Main Street in Binghamton's West Side. The building consists of six 2-bedroom apartments and four 1-bedroom apartments and has benefited from recent updates and improvements. Commercially zoned and approved for student housing, the property offers flexibility to serve both the student and traditional rental markets.

Conveniently located on both SUNY and public transportation bus routes, the property is within walking distance of grocery stores, restaurants, shops, and other neighborhood amenities. Its location also provides easy access to Downtown Binghamton and Binghamton University. With solid brick construction, a desirable unit mix, and an established rental history, 327 Main Street presents an attractive multifamily investment opportunity. Can be purchased together with 325 Main.

Investment highlights

  • Solid Brick Building.
  • Directly on Main Street.
  • Easy Access to the Suny and Public Transportation Bus Lines.
  • Tenants Pay Utilities.
  • Many Recent Renovations and Upgrades

Listing Contacts

SW
NY NY 10301220936, NY 10491212432
SVN Innovative Commercial Advisors
Listed by SVN Innovative Commercial Advisors

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$89,093.00
$7,424.42/mo

Valuation Metrics

0
DSCR
10.36%
Cap Rate
10.36%
ROI

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Additional Information

Name
Scott Warren
License
NY 10301220936
Brokerage
Innovative Commercial Advisors
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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