47 Carroll St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$3,950,000 USD
607-624-0143
47 Carroll St, Binghamton, NY for Sale
$3,950,000 USD
Apartments - FOR SALE
1/15
null | 10.5% Cap Rate

47 Carroll St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Portfolio - 19 Properties: 40 Apartments, 3 Single Family Homes, 113 Beds
  • Turn-Key Investment Opportunity with low vacancy rate
  • Management & maintenance personnel in place & available to new owner
  • Located Largely in City Core
  • High side of market rent
  • Some redevelopment opportunity

OVERVIEW

Carrol Street Portfolio: 19 Properties: 40 Apartments, 3 Single Family Homes, 113 Beds. Highlights: • 10.5% Cap • Owner financing possible with qualified buyer, 25% down • List price $3,950,000 (must be sold as a portfolio) • Turn-Key Investment Opportunity with low vacancy rate • Management & maintenance personnel in place & available to new owner • Located Largely in City Core • High side of market rent • Some redevelopment opportunity • Family owned and maintained for 20 years • Most Units have a Washer and Dryer • Updated or modernized Kitchens with Appliances and Baths • All units well insulated • New insulated windows & high-efficiency furnaces, newer boilers • Nearly all units are separately metered • Most buildings have newer roofs • Mix of college, workforce and section 8 housing • Includes four parking lots in city core near properties

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

43

PRICE/UNIT

$91,860

CAP RATE

10.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Carroll Street Portfolio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

030200-160-050-0001-018-000-0000

ASK ABOUT THIS PROPERTY

Karen KlecarHanna Commercial Real EstateMore Info
607-624-0143

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Karen KlecarHanna Commercial Real EstateMore Info
607-624-0143

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