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    OFF-MARKET
    Commercial real estate

    18 Division St, Binghamton, NY 13905

    1,252 SF Built 1940
    Property ID
    US63-6068267
    Property summary
    AI-generated overview

    This newly renovated 1940-built, two-unit apartment building at 18 Division St, Binghamton, NY 13905 presents a compelling investment opportunity. Boasting 1,252 square feet on a spacious 3,640 square foot corner lot, this property offers four off-street parking spaces. Completely renovated in 2024, the building features a brand new roof and updated copper piping from the street to the water meter, ensuring long-term value and reduced maintenance costs. Both units are currently vacant, providing immediate income potential. Each unit includes a newly renovated kitchen with modern appliances and ample counter space, as well as a clean and updated bathroom. Fresh interior and exterior paint, along with new flooring throughout, completes the modern aesthetic. Tenants will enjoy a welcoming front porch and a rear deck. The property is zoned for residential one and two-unit dwellings. The asking price is $199,000, representing $99,500 per unit and $158.95 per square foot. This property is ideal for both investors seeking a strong return and owner-occupants looking to offset expenses. The property's location in Binghamton, Broome County, New York offers convenient access to local amenities and services. The APN is 030200-159-026-0001-009-000-0000.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1940
    Total area 1,252 SF
    APN 030200-159-026-0001-009-000-0000
    UPID US63-6068267
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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