Seller's Agent in 2022
Scott Warren
INNOVATIVE COMMERCIAL ADVISORS
(607) 768-8568
21 in this area
133 Total Sales
5 Mather St Binghamton, NY 13905
West Side Neighborhood
15
Beds
15
Baths
8,556
Sq Ft
1965
Built
Highlights
- Wood Flooring
- Baseboard Heating
- Level Lot
About This Home
As of September 2022Offered for sale is this fully leased and turnkey Student Housing complex on the West Side of Binghamton. This is an excellent West Side location. Only 2 buildings from Main Street. Walking distance to the bus lines and all of Downtown Binghamton's Restaurants, Shops, Night Clubs and amenities. This is zoned as a 12 Unit building. It could be easily divided into 9 units. It is currently being used as a 6 Unit with 3, 4 Bed Units and 3, 1 Bed Units. The one bed units can be considered 2 bed units, increasing rents significantly. The current owner is using them as one bed. This complex has 15 Bathrooms, one for each actively leased bed and 9 Kitchens. Solid rent roll and rental history. All current rents are below market.
Last Agent to Sell the Property
INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 06/16/2022
Last Buyer's Agent
INNOVATIVE COMMERCIAL ADVISORS License #10491212432 Listed on: 06/16/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,349
Year Built
- Built in 1965
Lot Details
- Lot Dimensions are 44x170
- Level Lot
Parking
- Driveway
Home Design
- 8,556 Sq Ft Home
- Stucco
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 15 Bedrooms
- 15 Full Bathrooms
Schools
- Horace Mann Elementary School
Utilities
- No Cooling
- Baseboard Heating
- Gas Water Heater
- Cable TV Available
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 030200-160-030-0003-024-000-0000
Community Details
Overview
- 6 Units
Building Details
- 6 Separate Electric Meters
- 1 Separate Gas Meter
- Maintenance Expense $1,000
- Water Sewer Expense $2,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2022 09/23/22 | Sold | $625,000 | 0.0% | $73 / Sq Ft |
| 07/05/2022 07/05/22 | Pending | -- | -- | -- |
| 06/16/2022 06/16/22 | For Sale | $625,000 | -- | $73 / Sq Ft |
Source: Greater Binghamton Association of REALTORS®
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $17,247 | $175,000 | $7,400 | $167,600 |
| 2023 | $16,933 | $175,000 | $7,400 | $167,600 |
| 2022 | $16,534 | $175,000 | $7,400 | $167,600 |
| 2021 | $16,349 | $175,000 | $7,400 | $167,600 |
| 2020 | $16,402 | $175,000 | $7,400 | $167,600 |
| 2019 | $8,746 | $175,000 | $7,400 | $167,600 |
| 2018 | $15,936 | $175,000 | $7,400 | $167,600 |
| 2017 | $16,020 | $175,000 | $7,400 | $167,600 |
| 2016 | $16,114 | $175,000 | $7,400 | $167,600 |
| 2015 | $14,241 | $175,000 | $7,400 | $167,600 |
| 2014 | $14,241 | $175,000 | $7,400 | $167,600 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Warren
Map
Source: Greater Binghamton Association of REALTORS®
MLS Number: 317538
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