95 Mitchell Ave Binghamton, NY 13903
Property profile & analytics
95 Mitchell Ave Binghamton, NY 13903
- Commercial real estate
- 5,920 SF
- 0.27 lot acres
Property ID
US63-1492441
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 95 Mitchell Ave
- Lot size
- 0.27 lot acres
- Property size
- 5,920 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents two adjacent, four-unit apartment buildings totaling eight units, situated on a 0.27-acre lot in Binghamton, New York's desirable Southside neighborhood. The property boasts a total of 5,920 square feet, with each unit commanding a price of $81,125. The buildings are fully leased, generating a strong net operating income (NOI) of $58,886, resulting in an attractive 9.07% capitalization rate. The asking price for this turnkey investment is $649,000, translating to a price per square foot of $109.63. Located near Binghamton General Hospital and within a mile of the downtown area, this property benefits from excellent access to major roadways including Vestal Avenue, NYS Route 434, and the Brandywine Highway interchange. The convenient location provides tenants with easy access to a variety of amenities, including dining, shopping, and entertainment options, contributing to high rental demand and occupancy. Recent renovations have been completed, and the property is meticulously maintained, ensuring a smooth transition for the new owner. Separate utilities for each unit further enhance the operational efficiency and potential for increased profitability. This is a rare opportunity to acquire a well-performing, fully leased multifamily property in a thriving rental market. The property's strong financials, prime location, and recent renovations make it an ideal investment for both seasoned and new investors seeking a stable and profitable addition to their portfolio. The address is 95-97 Mitchell Ave, Binghamton, NY 13903.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9136396
- Latitude
- 42.082338
