33 Pine St Binghamton, NY 13901
Fully leased property near stadium with multiple income streams.
Property size:
8,094 SFProperty Features for 33 Pine St
General Information
- Size
- 8,094 SF
Building Details
- Year built
- 1970
Source:
Svn
Listing Agent: Scott Warren
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Stadium District Investment Opportunity
Located in the rapidly developing stadium district of Binghamton, one block from Mirabito Stadium, this property presents a rare investment opportunity. The main building at 33 Pine Street features 13 beds and has a permit from the City for congruent living. All beds are leased for 5 years, starting at $450 per bed with 5% annual increases. A parking lot is connected to 31.5 Pine Street, which is a leased 4-bedroom home. The 13-bed unit at 33 Pine has been newly renovated. Tenants cover all expenses, excluding insurance and taxes. The commercial space has a new 3-year lease at $1,000 per month. The property offers three income sources: the main building with 13 beds, a 4-bedroom home leased to students, and commercial space. The property is 100% leased, providing stable income with growth potential. The location has a walkable score of 79 and is within walking distance of public and student transportation. There is an ability to bundle in 41.5 Fayette for a package deal. The property size is 8094 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9054862
- Latitude
- 42.1013275
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FAQs
What type of property is this?
Apartment building - Fully leased property near stadium with multiple income streams.
Where is this apartment building located?
The property is located at 33 Pine St Binghamton, NY.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: - 100% Leased with 3 Income Sources: 13 beds, 4-bedroom home, and commercial space.; - 13 Beds leased for 5 years with 5% annual increases, providing stable income with growth potential.; - Permit from the City for congruent living.