16 Unit Main Street Portfolio

327 Main St Binghamton, NY 13905

327 Main St , Binghamton, NY, 13905
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,499,000
Last Verified:
Apr 29, 2024

Highlights

  • - 11,679 SF mid-rise building
  • - 16 units
  • - Built in 1965, renovated in 2021
  • - Zoned Multi Residential 20 Units
  • - Prime location in Binghamton Student Housing area
  • - Fully occupied with 100% occupancy
  • - Updated and modernized facilities
  • - Strong rental income potential
  • - Proven investment opportunity
  • - Stable and reliable cash flow
  • - Attractive to multifamily/mid-rise investors

Description

Introducing 327 Main St in Binghamton, NY - an attractive investment opportunity. This 11,679 SF, 16-unit property boasts a prime location in the sought-after Binghamton Student Housing area. The building, constructed in 1965, underwent a comprehensive renovation in 2021, ensuring modern appeal and functionality. Zoned Multi Residential 20 Units, the property currently enjoys full occupancy, signifying a stable income stream for potential investors. With a proven track record and optimal positioning, this multifamily/mid-rise property is poised to deliver exceptional returns.

Excellent location. Directly on Main Street. This is right on the SUNY and public transportation bus lines and is walking distance to many Restaurants, shops and amenities.


Year Built: 1965
Building Size: 11679sq ft
Lot Size: 0.28 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 327 Main St , Binghamton, NY, 13905

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.