INVESTORS TAKE NOTICE! 3-family investment opportunity featuring a PRO FORMA +/-11.84% CAP RATE and projected annual gross income of $54,600 based on projected rents and efficient property management. Pro forma rents of $1,600/month for each 3-bedroom unit and $1,350/month for the 2-bedroom unit. Renovated throughout with updated kitchens and bathrooms, stainless steel appliances, refinished hardwood floors, fresh paint, carpet, and more! All utilites included, a highly sought-after feature that commands strong tenant demand, reduces turnover, and simplifies budgeting for renters. PRIME LOCATION near the new SUNY Pharmaceutical School, downtown, public transportation, shopping, dining, and major employers. Strong cash-flow opportunity in a high-demand rental market. An excellent addition to any investor's portfolio seeking both immediate income and long term rental growth. *Some photos have been virtually staged to illustrate tenant furniture and decor possibilities only.
74 days
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16
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Zillow last checked:
Listing updated:
Listed by:
4HG Real Estate607-201-8904,
Michele L DePrato
Source: GBMLS,MLS#: 336169Originating MLS: Greater Binghamton Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 3
Full bathrooms: 3
Heating
Forced Air
Cooling
None
Appliances
Included: Gas Water Heater, Oven, Range, Refrigerator