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5 Way St
Value-Add Multifamily Asset · Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
Opportunity to purchase a five-unit multi-family property in the flourishing city of Binghamton.
Within walking distance to amenities and retailers, including Little Martha Yoga, Ziebart, Lupo’s S&S Charpit, Wilson Dental, and Lee’s Nails.
Binghamton is a liquid submarket, with about 83 trades over the past three years.
Prime location near the Chenango River close to I-86, I-81, I-88, Route 11, and State Street.
Rents have increased by an impressive 3.0% over the past year, exceeding the average annual growth of 1.9% over the past decade.
PROPERTY FACTS
No. Units
5
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.14 AC
Building Size
3,288 SF
No. Stories
2
Year Built
1910
PROPERTY TAXES
Parcel Number
030200-160-025-0002-007-000-0000
Improvements Assessment
$61,200
Land Assessment
$5,800
Total Assessment
$67,000
