6 Dedrick Hill Rd - Apartments FOR SALE


Binghamton, NY 13905
$387,500 USD
607-237-7471
6 Dedrick Hill Rd, Binghamton, NY for Sale
$387,500 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

6 Dedrick Hill Rd
Binghamton, NY 13905


HIGHLIGHTS

  • 5-unit multi-family property with over 7,000 sq. ft. of space.
  • Units still need interior finishing, allowing for customization.
  • Brand new electrical system, each unit has its own 100-amp panel box.
  • New heating units, plumbing, and updated septic for efficiency. Nearly all new windows and doors for energy savings.
  • Separate utilities for each unit, keeping expenses low.
  • Potential gross revenue over $5,000/month once fully rented.

OVERVIEW

Opportunity knocks with this HUGE 5-unit multi-family home in the Whitney Point School District! Located just 7 miles from Upper Front Street, this property is in the middle of a complete renovation, with so many new features that will make life and maintenance so much easier for the new owner. This includes brand new electric with each unit having its own 100-amp panel box, new heating units, new plumbing, updated septic, almost all new windows and doors, and many more renovations on the interior! The units still need finishing on the inside, but the entire building is more than 7000 Square Feet! Utilities are separate for each unit, making expenses low and profit potential through the roof! With two 3 bedroom, two 2 bedroom, and one 1 bedroom unit the potential gross revenue could be north of $5000 per month! Do not wait! Call today to set up a showing!

FOR SALE DETAILS

PRICE

$387,500 USD

PRICE/SF

$55 USD /SF

# OF UNITS

5

PRICE/UNIT

$77,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whitney Point Prime 5-Unit Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

Agricultural-Residential

APN/PARCEL ID

032000-054-002-0002-016-000-0000

ASK ABOUT THIS PROPERTY

Bill LidellYaman CommercialMore Info
607-237-7471

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Bill LidellYaman CommercialMore Info
607-237-7471

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