This 13-unit apartment complex offers immense potential for investors looking for a value-add opportunity. Comprised of two buildings with a mix of 1 and 2-bedroom units, the property boasts a new roof, new hot water heaters, consistent rental income, and some recent upgrades. With long-term tenants in place and ample off-street parking, this well-maintained complex is positioned for reliable returns. Rents are currently below market, providing an excellent opportunity for growth. Located just a short distance from parks, the Exchange Street Bridge, and downtown amenities, and offering quick access to major highways, this property is perfect for both seasoned investors and those just starting out. Some units feature a private covered porch and a small deck. The property also includes a billboard, providing an additional source of income. This unique feature offers an opportunity for passive revenue while benefiting from high visibility. Don't miss this opportunity to invest.
For sale
$850,000
665 Conklin Rd, Binghamton, NY 13903
19beds
--baths
7,400sqft
Multi Family, Apartment
Built in 1970
-- sqft lot
$-- Zestimate®
$115/sqft
$-- HOA
What's special
New roofSmall deckPrivate covered porch
- 147 days
- on Zillow |
- 123 |
- 9 |
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