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692 State St Binghamton, NY 13901

For Sale
$850,000

Fully occupied 10-unit building with expansion potential and ample parking.

Lot size:
0.19 Acres

Property Features for 692 State St

General Information

Lot size
0.19 Acres

Building Details

Year built
1900

Source: Howard Hanna Agent Christie Wall

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Well-Maintained 10-Unit Income Property

This is a well-maintained 10-unit building, presenting a fantastic income opportunity. The property is fully occupied, and all tenants are current on their rent payments. Ample off-street parking is available. There is potential to expand on the land behind the building. Half of the units are heated with electric baseboard heat, which is paid for by the tenants. The other half of the units are heated with hot water baseboard heat, which is paid for by the owner. The property offers steady income and requires low maintenance. A new roof has been installed on the rear third floor. The seller requires verification of pre-qualification or proof of funds prior to scheduling a showing, and a minimum of 24 hours' notice is required for showings.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Binghamton
County
Broome
State
New York
Longitude
-75.8949766
Latitude
42.1256062

FAQs

What type of property is this?
Apartment building - Fully occupied 10-unit building with expansion potential and ample parking.
Where is this apartment building located?
The property is located at 692 State St Binghamton, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - Steady income from a fully occupied 10-unit building with all tenants current on rents.; - Ample off-street parking for tenants.; - Potential for expansion on the land behind the building.
More about this property
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