$850,000

663 Conklin Rd Binghamton, NY 13903

Estimated payment $5,307/month

Total Views 109,929
13 Beds
-- Bath
7,385 Sq Ft
$115 Price per Sq Ft

Highlights

  • Ceiling Fan
  • High Speed Internet
  • Partially Fenced Property
  • Baseboard Heating
  • Rectangular Lot
  • Wood Siding

About This Home

This 13-unit, 19 bed 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. Located in an industrial area with many factories nearby. Don’t miss out on this opportunity to capitalize on immediate income and long-term value growth.

Some units feature a private covered porch and a small deck, offering the perfect space for outdoor relaxation and enjoying the surrounding environment. These private outdoor areas provide added comfort and convenience for tenants. 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 in a property with immediate income potential and long-term growth prospects.

Listing Agent

Tara Wetherell

Listing by Hage Real Estate Brokerage Phone: 704.241.8799 License #10401381940 Listed on: 03/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,818

Year Built

  • Built in 1970

Lot Details

  • 0.61 Acre Lot
  • Lot Dimensions are 138x207
  • Partially Fenced Property
  • Rectangular Lot
  • 032800-161-008-0001-019-000-0000

Home Design

  • Wood Siding

Interior Spaces

  • 13 Bedrooms
  • 7,385 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Electric Oven
  • Electric Cooktop

Flooring

  • Carpet
  • Vinyl

Parking

  • No Garage
  • Gravel Driveway

Utilities

  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 032800-161-008-0001-017-000-0000

Community Details

Overview

  • 13 Units

Building Details

  • Operating Expense $26,350
  • Gross Income $105,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,818

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Common Area Maintenance, Other, See Remarks, Snow Removal
  • Year Built: 1970
  • Attribution Contact: 704.241.8799
  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Road Frontage Type: City Street, Main Thoroughfare
  • Directions: From Front Street in Binghamton: Head south on Front Street toward the intersection with Conklin Road (NY Route 7). Turn left onto Conklin Road (NY Route 7) South. Continue on Conklin Road for approximately 2 miles.
  • Flooring: Carpet, Varies, Vinyl
  • Garage Yn: No
  • Interior Features: Ceiling Fan(s), Storage
  • Unit Levels: Two
  • Year Built Details: Existing
  • Financial Info Electric: Circuit Breakers
  • Property Sub Type Additional: Commercial,Other
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Cooktop, Electric Oven, Electric Range, Gas Water Heater, Refrigerator
  • Basement: None
  • Basement YN: No
  • Total Bedrooms: 13
  • Stories: 2
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Acres: 0.61
  • Waterfront: No
  • Construction Type: Block, Concrete, Wood Siding
  • Exterior Features: Fence, Gravel Driveway

Garage/Parking

  • Parking Features: Three or more Spaces, No Garage

Utilities

  • Heating: Gas, Baseboard, Hot Water
  • HeatingYN: Yes
  • Utilities: Cable Available, Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Susquehanna Valley

Lot Info

  • Parcel Number: 032800-161-008-0001-017-000-0000
  • Lot Dimensions: 138X207
  • Lot Size Sq Ft: 26572.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 032800-161-008-0001-019-000-0000

Multi Family

  • Number Of Units Total: 13
  • Annual Gross Income: 105900.0
  • Annual Operating Expense: 26350.0

Tax Info

  • Tax Annual Amount: 9818.0
  • Tax Lot: 17

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
09/16/2025 09/16/25 For Sale $850,000 0.0% $115 / Sq Ft
09/10/2025 09/10/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $850,000 -- $115 / Sq Ft
Source: Cortland County Board of REALTORS®

About the Listing Agent

Tara Wetherell

Listing by Hage Real Estate

(607) 399-3676

Section Image

I established my roots in Homer, NY when I was 10 years old. A graduate of Homer High School, I took my academic journey further, earning an associate degree in nursing from Tompkins Cortland Community College and a Bachelor of Science degree in Nursing from Utica College.

With a solid foundation in nursing, my career has been dedicated to enhancing client care. My background in nursing has cultivated a deep commitment to the well-being of our community and I bring that same dedication

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Source: Cortland County Board of REALTORS®

MLS Number: S1592071

Cortland County Board of REALTORS®