Listed by SVN Innovative Commercial Advisors
$375,000
325 Main St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,775
Units 6
Cap Rate 7.61%
NOI $38,059
Class B
Year Built 1965
Lot Size (SqFt) 6,716
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Marketing description
Offered for sale is this 6 Unit Building on Main Street in Binghamton's West Side. This is an excellent central location. Right across the Street from 327 Main. This is one block from the Johnson City Arch. This location has an average Daily traffic count of 7,484 and has a very walkable score of 80. This is walking distance to the Price Chopper Plaza as well as many West side shops and amenities. This is proper zoning for Student Housing. This has been recently renovated and stabilized.
Investment highlights
- 6-unit multifamily property3,775 SF building size
- Built in 1965 with potential for updates
- Zoned Commercial and OK for Student Housing
- Located in the Binghamton MSA area
Listing Contacts
Listed by SVN Innovative Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$38,059.00
$3,171.58/mo
Valuation Metrics
0
DSCR
10.15%
Cap Rate
10.15%
ROI
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