Kathleen M. Franco

654 Chenango Street, Binghamton, NY 13901

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Property Description

EXCEPTIONAL MIXED-USE TRIPLEX INVESTMENT IN THE VILLAGE OF PORT DICKINSON SOLID 1960-BUILT MIXED-USE PROPERTY OFFERING 2,860 SQ FT OF TOTAL SPACE WITH THREE INCOME-PRODUCING UNITS AND STRONG CURRENT CASH FLOW. CURRENTLY GENERATING $2,620 PER MONTH ($31,440 ANNUALLY)...... Unit Breakdown ----- First Floor Front - Beauty Salon (approx. 460 sq ft): Updated electric, mini-split heating & cooling, half-bath with washer/dryer, and kitchenette. Tenant paying $800/month (month-to-month)........ First Floor Rear - 1-Bedroom Apartment (approx. 690 sq ft): 1 bed, 1 full bath, living room, and kitchen. Tenant paying $670/month (month-to-month)....... Second Floor + Attic - 3-Bedroom Apartment (approx. 1,246 sq ft total): Main level (966 sq ft) features 1 bedroom, full bath, kitchen, dining room, and living room; attic level (280 sq ft) adds two additional bedrooms. Tenant paying $1,120/month (lease through February). Property Features ------ Updated windows throughout --- New bathroom siding --- Separate utilities for all units --- Gas forced-air furnace for the residential units + efficient mini-splits in the salon --- Full basement for utilities and storage --- Large detached 2-car garage plus additional off-street parking --- Municipal sewer and public water --- Low-maintenance carpet and vinyl flooring with large windows providing excellent natural light --- Ideally located in the desirable Village of Port Dickinson within the highly regarded Chenango Valley Central School District....... Convenient access to highways, shopping, dining, and downtown Binghamton....... This is a rare turnkey mixed-use opportunity with solid tenants already in place and excellent long-term upside for the seasoned investor. Don't miss this income-producing gem!

654 Chenango Street | MLS# R1702216

This home located at 654 Chenango Street, Binghamton, NY 13901 is currently listed for sale with an asking price of $269,888. This property was built in 1960 and has 4 bedrooms and 3 full baths with 3916 sq. ft. Chenango Street is located in the Merills Plot subdivision within the Chenango Valley school district. Search Merills Plot real estate on kathy-franco.coldwellbankerprime.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Crawl Space
Cooling: Other, See Remarks
Garage: 2
Heating: Gas, Other, See Remarks
Home Style: Triplex
Lot Size: 0.11 Acres
Roof Type: Architectural, Shingle
Stories: 2.0
Taxes: $4,367
Year Built: 1960

Amenities

Other
See Remarks

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 2
Exterior: Frame
Flooring: Ceramic Tile, Hardwood, Varies
Lot: Other, Rectangular, Rectangular Lot, See Remarks
Lot Dimensions: 50X100
Parcel#: 033001-144-027-0001-018-000-0000
Parking: Other, Parking Available, See Remarks, Two or More Spaces
Parking Notes: Other, Parking Available, See Remarks, Two or More Sp
Sewer: Connected
Units: 3
Utilities: Electricity Connected, Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Chenango Valley

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Estimated Payment

$ 1,043.29 per month $600.66 Principal & Interest $363.92 Property Tax $78.72 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Lombardo Homes & Estates
Agency Phone: 516-316-9974

Shown By

Agent Name: Kathleen M. Franco
Agent Phone: (315) 884-8198 Cell
Agency Title: Coldwell Banker Prime Properties

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