19 Mygatt St - Multi-Family FOR SALE


Binghamton, NY 13905- First Ward
$999,000 USD
607-621-0439
19 Mygatt St, Binghamton, NY for Sale
$999,000 USD
Multi-Family - FOR SALE
1/38
null | 11.24% Cap Rate

19 Mygatt St
Binghamton, NY 13905
First Ward


HIGHLIGHTS

  • Entire building completely renovated!
  • Delivered vacant, find the tenants that you choose.
  • Approximately $1.29M in recent renovations.
  • All new appliances under warranty.
  • New Roof under warranty.
  • Each unit has high efficiency mini split system.

OVERVIEW

Don't miss this spectacular opportunity to own this fully renovated, centrally located, 12-unit apartment building in Binghamton's First Ward District. This building just had approximately $1.29M in renovations and is being offered for sale for less than the cost of the renovations! Turnkey opportunity to fill this building with the tenants that you choose. This is a rapidly developing area with the development of the Charles St Industrial Park and $10M in DRI funds being dedicated to the Clinton Street area. Some of the renovations include: New roof (including sub panels) 20-year warranty, New Electric (800 Amps), New doors, windows, walls and floors. New appliances with manufacturer warranty, Fire Protection System, Sprinkler System, Insulation, HVAC (each unit has high efficiency mini split systems), Plumbing updated and all lead and asbestos removed from the building. Priced to sell at an impressive 11.24% Pro Forma CAP Rate!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$139 USD /SF

# OF UNITS

12

PRICE/UNIT

$83,250

CAP RATE

11.24%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Mygatt St.

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-2

APN/PARCEL ID

030200-144-079-0001-031-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.