Image 01 Image 02 Image 03 Image 04 Image 06 Image 07 Image 07 Image 07 Image 07
Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
top
Home For Sale New York Binghamton 4741
You must be logged in to save properties to your favorites! Please log in.
Please Log In
 

Apartment Building For Sale By Owner

12-Unit Apartment Building with a 16.7% Cap Rate




129 Susquehanna St., Binghamton, New York 13901 United States
Description

Get a 16.7% cap rate for only $330,000, or spend $50,000 of your own money, leverage the rest, and get 75% or more cash-on-cash return depending on how you structure the financing. This 12-unit apartment building, located in Binghamton, New York, with 8,236 square feet and solid brick masonry construction is fully occupied with employed blue-collar workers. Stable net operating income is about $55,000. Current rents are under market value and offer significant upside. The building has no structural issues and passed a recent inspection. Owner is retiring and needs to sell. This is an easy deal. All you have to do is buy it. It does not matter how far away you are from the building, because it's about the numbers, and a property manager is lined up for you, ready to go, and charges only 5% of rent roll. Serious buyers, if you're ready, willing, and able, then call me at (844) 247-7653 x110.

Business included in Sale? No

Income/Expense Info: Actual

Financial: 2017

Gross Income: $67

Effective Gross Income: $67

Operating Expenses: $12

Net Operating Income: $55

Price: $330,000
Property Sub-Type: Apartment Building
Cap Rate: 16,7 %
Total Building Size: 8236 SF
Total Lot Size : 4000 SF
Year Built : 1984
No of Stories: 3
No of Parking Stalls: 12
Occupancy: 100 %
Listing ID: 4741

Map of: 129 Susquehanna St., Binghamton, New York 13901 United States

Featured Commercial Properties For Sale

1829 W. Redlands Blvd, Redlands, California 92373<br />United States

Office Space

0.53 sqft

Redlands ,  California

$300

1064 Industrial Drive, West Berlin, New Jersey 08091<br />United States

Industrial-Business Park

West Berlin ,  New Jersey

$2,860,000

9216 W Brown Deer Rd, Milwaukee, Wisconsin 53224<br />United States

Apartment Building

Milwaukee ,  Wisconsin

$485,000

18650 San Carlos Blvd, Ft Myers Beach, Florida 33931<br />United States

Marina

20000 sqft

Ft Myers Beach ,  Florida

$550,000

6851 W. Belmont Ave., Glendale, Arizona 85303<br />United States

Flex Space

42,123 sqft

Glendale ,  Arizona

$$540000.00

2222 S Fraser St, Aurora, Colorado 80014<br />United States

Business Park

Aurora ,  Colorado

$179,000