110 Walnut St

110 Walnut St Binghamton, NY 13905

110 Walnut St, Binghamton, NY, 13905
110 Walnut St, Binghamton, NY, 13905 110 Walnut St, Binghamton, NY, 13905 110 Walnut St, Binghamton, NY, 13905 110 Walnut St, Binghamton, NY, 13905 110 Walnut St, Binghamton, NY, 13905 110 Walnut St, Binghamton, NY, 13905
FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$269,000
Last Verified:
Nov 26, 2024

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Highlights

  • In R3 Zoning. Permissible for Student Housing.
  • 4 units in 2 buildings.
  • 2 new boilers.
  • Water heaters all replaced in the past 5 years.
  • Laundry hookups in the rear building and in the common areas.
  • Tenants pay their own utilities. Landlord pays for Water and Sewer.

Description

Offered for sale is this 2 building, 4 unit building. Excellent West Side location. Zoned R3 (Permissible for student housing). The West side of Binghamton has significant student housing. This is an area rapidly developing into a popular student housing area. This is walking distance to the bus lines and Downtown Binghamton. This is a well managed and maintained building which is fully leased. The house was converted from oil to Natural Gas in 2019 and all utilities are separated. 2 New boilers. New hot water heaters in the past 5 years. Laundry hookups in the rear building and common areas. Tenants pay all utilities except water and sewer. This property has great cash flow.

Excellent West Side location. Zoned R3 (Permissible for student housing). The West side of Binghamton has significant student housing. This is an area rapidly developing into a popular student housing area. This is walking distance to the bus lines and Downtown Binghamton.


Year Built: 1880
Building Size: 3452sq ft
Lot Size: 0.14 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 110 Walnut St, Binghamton, NY, 13905

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.