Investment Property for Sale at 14 Clarke Street in Binghamton, New York for $299,000

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14 Clarke Street | BINGHAMTON

$299,000 | 6 Beds (6 Full) | 2,825 Sq. Ft.

Recent price improvement to $299,000 creates an even stronger investment opportunity with an estimated 12% cap rate based on current income and estimated expenses. 6-unit multifamily on Binghamton’s West Side near downtown, Rec Park, restaurants, bus line, and neighborhood amenities. Features six 1-bedroom units with separate electric meters to help keep expenses manageable. Current rental income totals approximately $4,010/month ($48,120 annually). Taxes approximately $5,496 and insurance approximately $1,458 annually. Owned and maintained by a local landlord with a steady rental history. 24-hour notice required for showings. Owner financing available. Financial figures and cap rate estimates should be independently verified by buyers. GBAR MLS #334627

Directions to property: Right off of Main St, right on Clarke.

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Cary C Turner
Listing Agent Phone: 
607-752-4878
Listing Agent Email: 
cary [dot] turner [at] warrenhomes [dot] com (send a message)
Listing Office Name: 
WARREN REAL ESTATE (Vestal)
Listing Office Phone: 
607-217-5673