175 Chapin Street | BINGHAMTON
Turn-key investment opportunity! Excellent 8-unit multi-family property featuring eight individual 1-bedroom apartments with a strong Net Operating Income of $65,647 after expenses. Landlord utility expenses (water, sewer, and common electric) total just $2,852/year. The building offers plenty of off-street parking behind the building for each tenant and is designed for low-friction management, featuring 9 separate electric meters (8 tenant-paid, 1 landlord meter for common spaces). Additional income stream provided by on-site coin-operated laundry facilities generating approximately $2,000/year ($500/qtr). Security-enabled building features a locked front entry with postal key access, plus a remote-viewable security camera system that transfers to the new owner. Well-maintained property with a solid rental history, established rental schedules, cooperative tenants aware of the sale, and full compatibility with local housing assistance programs. Perfect addition to any portfolio! GBAR MLS #337157
Directions to property: From I-86: Take Exit 4B toward Binghamton/Corning. Merge onto NY-17 W / I-86 W, then take Exit 72 for Front St / NY-11. Turn left onto Front St, merge onto Route 17C / Main St toward the Westside, then turn onto Chapin St. Property is located at 175 Chapin St on the right
