7 Tompkins St, Binghamton, NY, 13903
7 Tompkins St
Binghamton, NY 13903
Highlights
- -Close to downtown Binghamton and bus line
- -Off street parking with 10 garage stalls.
- -Only 1 vacancy which will be filled soon. Solid rental history.
Description
SVN Innovative Commercial Advisors presents an excellent investment opportunity with the offering of an all-brick exterior 5-building complex, comprising 20 units, conveniently located near downtown Binghamton, on the bus line, and walking distance to Court Street. Each building consists of one 2-bedroom apartment (approximately 558 sq feet) and three 1-bedroom apartments (approximately 475 sq ft). There is a parking lot located at the back of the building for off-street parking and 10 garage spaces ($50/mo). There is coin-op laundry in the basement for additional income. Apartments are generous size with abundant natural lighting. Updates included a new roof on one building, replacement windows in 2 buildings. Half the complex has been converted to electric baseboard heat, and the rest of complex is a mixture of baseboard and forced hot air. Tenants pay electric, landlord pays gas. Same owner for past 12 years. Refinanced in 2021 and switched LLC.
Close to Mirabito Stadium, this property also provides easy access to the bus line, a short drive to Downtown Binghamton's attractions, including restaurants, shopping outlets, nightclubs, and various amenities.
