14 Clarke St
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14 Clarke St
6 Unit Apartment Building $358,000 ($59,667/Unit) 9.41% Cap Rate Binghamton, NY 13905
Investment Highlights
- Excellent West Side location.
- Separate meters.
- Walking distance to Seton Catholic High School, Recreation Park and the bus lines.
- Many recent updates.
Executive Summary
Conveniently located just around the corner from Seton Catholic High School and within walking distance to Recreation Park, this property sits in the R1 zoning district, allowing 1-bedroom units for student housing. It offers easy access to bus lines and a variety of shops, restaurants, and amenities along Main Street.
This well-maintained and professionally managed building features many recent updates, including a new front porch portico, rear roof, and structural renovations completed in 2024, as well as two new hot water heaters installed in 2022. With rents currently below market, this property presents significant value and income potential.
This well-maintained and professionally managed building features many recent updates, including a new front porch portico, rear roof, and structural renovations completed in 2024, as well as two new hot water heaters installed in 2022. With rents currently below market, this property presents significant value and income potential.
Property Facts
| Price | $358,000 | Apartment Style | Garden |
| Price Per Unit | $59,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 9.41% | Building Size | 2,825 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment |
| Price | $358,000 |
| Price Per Unit | $59,667 |
| Sale Type | Investment |
| Cap Rate | 9.41% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,825 SF |
| No. Stories | 2 |
| Year Built | 1960 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 030200-160-038-0001-024-000-0000 | Improvements Assessment | $35,300 |
| Land Assessment | $19,700 | Total Assessment | $55,000 |
PROPERTY TAXES
Parcel Number
030200-160-038-0001-024-000-0000
Land Assessment
$19,700
Improvements Assessment
$35,300
Total Assessment
$55,000
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14 Clarke St
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