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Buildings By Owner | Buy, Sell & Lease Commercial Real Estate. Privately.
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Home For Sale New York Binghamton 4741
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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

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