28 Lydia St | Binghamton, NY 13905
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- LoopNet Team
28 Lydia St
Binghamton, NY 13905
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Four-unit property with major upgrades complete—new roof, furnace, water heaters, electric, plumbing, and windows.
- Utilities can be allocated using RUBS. Laundry hookups in basement offer added income.
- •dddddddddddddddddddddddddddddddddddddddddddddddddddd Eligible for grants including Restore NY, T-HIP, Broome County IDA, and NYSERDA energy programs.
- Strong returns with projected NOI of $37,000, 18% cap rate, 48% ROI, DSCR of 2.48, and GRM of 4.19.
- Located in Binghamton’s First Ward, a focus of $10M in state revitalization and additional local funding.
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 2,454 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1960 |
| Building Class | C | ||
| Zoning | R-2 - Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,454 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | R-2 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 030200-144-079-0003-029-000-0000 | Improvements Assessment | $40,800 |
| Land Assessment | $7,200 | Total Assessment | $48,000 |
PROPERTY TAXES
Parcel Number
030200-144-079-0003-029-000-0000
Land Assessment
$7,200
Improvements Assessment
$40,800
Total Assessment
$48,000
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