7 Tremont Ave.

7 Tremont Ave Binghamton, NY 13903

7 Tremont Ave, Binghamton, NY, 13903
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$825,000
Last Verified:
Oct 16, 2024

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Highlights

  • Solid brick 12-unit building in Binghamton's West Side.
  • Prime location with quick access to Downtown and major highways.
  • Walking distance to parks, Exchange Street Bridge, and downtown amenities.
  • Zoned R3, approved for student housing.
  • 12 one-bedroom units with off-street parking.
  • Recent renovations enhance building and units, strong rental demand.

Description

Now available for sale, this solid brick 12-unit building is located in Binghamton's sought-after West Side. Positioned just across from the State Street Bridge interchange, the property offers fast and convenient access to Downtown Binghamton and major highway connections. Residents will enjoy being within walking distance of the picturesque South Side Veterans Park, the Exchange Street Bridge, and the vibrant downtown area, with its diverse shops, restaurants, and amenities.

Located in an R3 Zone and approved for student housing, this property benefits from a high demand in a versatile location. Featuring 12 one-bedroom units with off-street parking, it is perfectly suited for students or young professionals seeking both convenience and comfort. Recent renovations have enhanced both the building and individual units, making this a turnkey investment opportunity in a high-demand rental market.

This property boasts an exceptional location directly across from the State Street Bridge interchange, offering quick and easy access to Downtown Binghamton and major highways. Within walking distance, you'll find the scenic South Side Veterans Park and the Exchange Street Bridge, adding to the property's appeal. Just a short stroll takes you to the heart of Downtown Binghamton, where a vibrant array of shops, restaurants, and amenities await.

Situated in an R3 Zone, this location is ideal for student housing, further enhancing its strong rental demand. Its prime location ensures both convenience and desirability for residents.


Year Built: 1965
Building Size: 5712sq ft
Lot Size: 0.16 acres


Documents

SVN - OM/Proposal/BOV (P)

Map of 7 Tremont Ave, Binghamton, NY, 13903

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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.