About 158 Chapin Street
Turn-key investment opportunity! Excellent 5-unit multi-family property featuring five individual 1-bedroom apartments delivering a strong Net Operating Income (NOI) of $37,539 after expenses, representing a solid 10% cap rate. Total landlord utility expenses (electric, gas, water, and sewer) are $8,809/year. The property includes high-speed internet bundled into operations to power the remote-accessible security camera system, which transfers to the new owner upon sale. Well-maintained with a solid rental history, established annual rent schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. A fantastic addition to any portfolio!
Features of 158 Chapin Street
| MLS® # | R1702566 |
|---|---|
| Price | $370,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,231 |
| Square Footage | 6050 |
| Acres | 0.14 |
| Year Built | 1960 |
| Type | Commercial Sale |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 158 Chapin Street |
|---|---|
| Area | Binghamton-City |
| City | Binghamton |
| County | Broome |
| State | NY |
| Zip Code | 13905 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking Spaces | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Gas, Forced Air |
|---|---|
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Lot Description | Rectangular, Rectangular Lot |
|---|---|
| Roof | Shingle |
School Information
| District | Binghamton |
|---|
Additional Information
| Zoning | YES |
|---|---|
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Southern Tier & Finger Lakes |
|---|