$107,000
SOLD MAY 4, 2020
8 Beds
-- Bath
5,426 Sq Ft
1960 Built

Recently Sold

$20 Per Sq Ft

33% Below List Price

58 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-minute walk to Otsiningo Park
  • Baseboard Heating

About This Home

As of May 2020

This property is in a Federal Opportunity Zone. Plenty of potential value add with this 8 unit complex. Walking distance to Otsiningo Park. Plenty of off Street parking with a 5 space carport. Great location with fast access to major highways.

Last Agent to Sell the Property

Scott Warren

INNOVATIVE COMMERCIAL ADVISORS License #10491212432

Last Buyer's Agent

Scott Warren

INNOVATIVE COMMERCIAL ADVISORS License #10491212432

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • Lot Dimensions are 112x180
  • Level Lot

Parking

  • Carport

Home Design

  • 5,426 Sq Ft Home
  • Cedar Siding

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 8 Bedrooms

Schools

  • Theodore Roosevelt Elementary School

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number 030200-144-051-0002-055-000-0000

Community Details

Overview

  • 8 Units
  • Louise D Reynolds Subdivision

Building Details

  • 9 Separate Electric Meters
  • 1 Separate Gas Meter
  • Maintenance Expense $1,000
  • Net Operating Income $25,267

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 112x180
  • Subdivision Name: Louise D Reynolds
  • Directions: Bevier to Chenango.
  • Above Grade Finished Sq Ft: 5426.0
  • Architectural Style: Multi-Family
  • Garage Yn: No
  • Year Built: 1960
  • Property Sub Type Additional: Apartment
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Commercial
  • Appliances: Electric Water Heater
  • Total Bedrooms: 8
  • Flooring: Carpet, Hardwood
  • Living Area: 5426.0

Exterior Features

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

Garage/Parking

  • Parking Features: Carport

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Fee Information

  • Annual Fuel Expense: 2500.0

Schools

  • Elementary School: Theodore Roosevelt
  • Junior High Dist: Binghamton

Lot Info

  • Parcel #: 030200-144-051-0002-055-000-0000
  • Zoning Description: Multi Residential
  • Zoning: Multi Residential

Multi Family

  • Number Of Units Total: 8
  • Insurance Expense: 4000.0
  • Maintenance Expense: 1000.0
  • Property Net Operating Income: 25267.0
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 10463.0
  • Tax Book Number: 144.51-2-55

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $75,000 -29.9% $14 / Sq Ft
05/04/2020 05/04/20 Sold $107,000 -33.1% $20 / Sq Ft
04/05/2020 04/05/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $160,000 +39.1% $29 / Sq Ft
06/08/2017 06/08/17 Sold $115,000 0.0% $21 / Sq Ft
05/04/2017 05/04/17 Pending -- -- --
04/26/2017 04/26/17 For Sale $115,000 -- $21 / Sq Ft
Source: Greater Binghamton Association of REALTORS®

Source: Greater Binghamton Association of REALTORS®

MLS Number: 300720