Recent price improvement to $279,000 creates an even stronger investment opportunity with an estimated 12% cap rate based on current income and estimated expenses. 6-unit multifamily on Binghamton’s West Side near downtown, Rec Park, restaurants, bus line, and neighborhood amenities. Features six 1-bedroom units with separate electric meters to help keep expenses manageable. Current rental income totals approximately $4,010/month ($48,120 annually). Taxes approximately $5,496 and insurance approximately $1,458 annually. Owned and maintained by a local landlord with a steady rental history. 24-hour notice required for showings. Financial figures and cap rate estimates should be independently verified by buyers.
163 days
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206
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7
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Zillow last checked:
Listing updated:
Listed by:
WARREN REAL ESTATE (Vestal)607-217-5673,
Cary C Turner
Source: GBMLS,MLS#: 334627Originating MLS: Greater Binghamton Association of REALTORS
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Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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