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Binghamton Student Housing Package 1 Retail Properties Offered at $1,999,000 in Binghamton, NY
Executive Summary
LOCATION LOCATION LOCATION. This turn key two property package has 8 units (7 residential + 1 retail), 29 total bedrooms, and leases in place for all 7 residential units through May 2027. Offered at approximately an in place 9% cap rate (includes factoring in $35,000 for vacancy, maintenance, and management). Plus there is value add potential by finishing and renting the empty retail space. Management in place interested in staying on. Properties like these don't come along often! Listing Broker has an ownership interest in the properties.
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Property Facts
| Price | $1,999,000 | Number of Properties | 2 |
| Price / SF | $201.94 / SF | Individually For Sale | 0 |
| Cap Rate | 9.01% | Total Building Size | 9,899 SF |
| Sale Type | Investment | Total Land Area | 0.24 AC |
| Status | Active |
| Price | $1,999,000 |
| Price / SF | $201.94 / SF |
| Cap Rate | 9.01% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 9,899 SF |
| Total Land Area | 0.24 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 92 Front St, Binghamton, NY 13905 | Retail | 9,899 SF | 1970 | - |
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Presented by
Equity Venture Realty LLC
Binghamton Student Housing Package
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