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633 Conklin Rd Ave 13 Unit Apartment Building $850,000 ($65,385/Unit) 8.24% Cap Rate Binghamton, NY 13903
Investment Highlights
- Fully leased multi-family in Binghamton
- $70K NOI with long-term tenants
- Turnkey property in a great location
- Prime investment on Conklin Rd Ave
- 8.24% CAP rate, strong cash flow
- Stable income in Binghamton market
Executive Summary
Fully Leased Multi-Family Investment in Binghamton!
Located at 633 Conklin Rd Ave, Binghamton, NY, this property offers an exceptional investment opportunity with a sale price of $850,000, a CAP rate of 8.24%, and a net operating income (NOI) of $70,000. The building is currently fully leased with long-term tenants, ensuring stable cash flow and minimal vacancy risk. This well-maintained property is ideal for investors seeking a reliable income stream and strong returns in a desirable location. Don’t miss out on this turnkey multi-family asset!
Located at 633 Conklin Rd Ave, Binghamton, NY, this property offers an exceptional investment opportunity with a sale price of $850,000, a CAP rate of 8.24%, and a net operating income (NOI) of $70,000. The building is currently fully leased with long-term tenants, ensuring stable cash flow and minimal vacancy risk. This well-maintained property is ideal for investors seeking a reliable income stream and strong returns in a desirable location. Don’t miss out on this turnkey multi-family asset!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $65,385 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.84 AC |
| Cap Rate | 8.24% | Building Size | 7,385 SF |
| No. Units | 13 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $850,000 |
| Price Per Unit | $65,385 |
| Sale Type | Investment |
| Cap Rate | 8.24% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.84 AC |
| Building Size | 7,385 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | $725.00 | - |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $83,830 | |
| Land Assessment | $31,040 | Total Assessment | $114,870 |
Property Taxes
Parcel Numbers
Land Assessment
$31,040
Improvements Assessment
$83,830
Total Assessment
$114,870
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633 Conklin Rd Ave
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