80 Conklin Ave Binghamton, NY 13903
- Dormitories
- 16,000 SF
- 0.38 lot acres
Current Use by Public Records
- Dormitories
Property Details for 80 Conklin Ave
- Year built
- 1965
- Lot size
- 0.38 lot acres
- Property size
- 16,000 SF
- Property type
- Dormitories
- Property subtype
- Student housing
Description
This exceptional multifamily investment opportunity in Binghamton, NY, presents a 3-story, 16,000 square foot building on a 0.38-acre lot. Built in 1965, the property features 18 two-bedroom units (36 beds total), currently boasting 15 occupied apartments, generating immediate rental income. Each unit is equipped with a separate electrical meter, offering potential for increased revenue. The property's prime location across from the Exchange Street Bridge provides convenient access to downtown Binghamton, making it attractive to both market-rate tenants and students. The permitted zoning is Residential Multi-Unit, allowing for flexibility in usage and potential for future development. The asking price is $1,195,000. Detailed financial information is available upon request. This is a strong cash-flowing asset with significant upside potential. The property's size and location make it an ideal investment for those seeking a substantial return on investment in a thriving urban area. Don't miss this chance to acquire a well-maintained, income-producing multifamily property in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9077171
- Latitude
- 42.0925013
