NOT LISTED FOR SALE
8 Beds
-- Bath
3,040 Sq Ft
6,098 Sq Ft Lot

Sale Details

Date Sold: January 11, 2019

Last sale price $125,000 $41 Per Sq Ft

14 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Level Lot
  • Storm Windows

About This Home

As of January 2019

TURN KEY PROFIT! This 4 family has is a convenient location has never been a problem to keep rented. Over 12% cap rate at asking price! Tenants pay their own electric and gas, owner has house meter for common lights.This is a perfect property to start or enhance your investment portfolio. All tenancies are month to month.

Last Agent to Sell the Property

Mark Camera-Eckman

HOWARD HANNA License #40CA1088859 Listed on: 10/30/2018

HOWARD HANNA
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,485

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 53x111
  • Level Lot

Parking

  • Driveway

Home Design

  • 3,040 Sq Ft Home
  • Quadruplex
  • Stucco

Flooring

  • Wood
  • Vinyl

Schools

  • Horace Mann Elementary School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Gas Water Heater

Additional Features

  • Range
  • 8 Bedrooms
  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-160-031-0001-020-000-0000

Community Details

Overview

  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,084
  • Maintenance Expense $1,000
  • Water Sewer Expense $1,255
  • Gross Income $28,920
  • Net Operating Income $15,758

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,485

Year Built

Built in 1960

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 53x111
  • Professional Management Expense: 2892.0
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Ownership: OWNER
  • Directions: Main Street to Walnut St.
  • Above Grade Finished Sq Ft: 3040.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1960
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Total Bedrooms: 8
  • Flooring: Hardwood, Vinyl
  • Living Area: 3040.0
  • Window Features: Storm Window(s)

Exterior Features

  • Lot Features: Level
  • Construction Type: Stucco
  • Foundation Details: Basement

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 1255.0

Schools

  • Elementary School: Horace Mann
  • Junior High Dist: Binghamton

Lot Info

  • Lot Size Sq Ft: 6098.4
  • Parcel #: 030200-160-031-0001-020-000-0000
  • Zoning Description: Res
  • Zoning: Res

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 360.0
  • Annual Gross Income: 28920.0
  • Insurance Expense: 1084.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 15758.0
  • Annual Operating Expense: 13162.0
  • Total Actual Rent: 28920.0
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 5485.0
  • Tax Book Number: 160.31-1-20

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2018
Closed on
Jan 11, 2019
Sold by
Bought by
Seller's Agent
Mark Camera-Eckman
HOWARD HANNA
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$77,684
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$125,000 None Available
$60,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $90,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/11/2019 01/11/19 Sold $125,000 0.0% $41 / Sq Ft
11/13/2018 11/13/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $125,000 -- $41 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 -- $60,000 $7,200 $52,800
2024 $5,913 $60,000 $7,200 $52,800
2023 $5,805 $60,000 $7,200 $52,800
2022 $5,669 $60,000 $7,200 $52,800
2021 $5,605 $60,000 $7,200 $52,800
2020 $5,624 $60,000 $7,200 $52,800
2019 $2,999 $60,000 $7,200 $52,800
2018 $5,464 $60,000 $7,200 $52,800
2017 $5,493 $60,000 $7,200 $52,800
2016 $5,525 $60,000 $7,200 $52,800
2015 $4,883 $60,000 $7,200 $52,800
2014 $4,883 $60,000 $7,200 $52,800
Source: Public Records

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Map

Source: Greater Binghamton Association of REALTORS®

MLS Number: 217664

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