108 Walnut Street

Binghamton, NY 13905

$240,000
Price
7
Beds
2
Baths
3,032 Sq. Ft.
$79 / Sq. Ft.
3,032
Sq. Ft.
$79
per Sq. Ft.

Description

Renovated student rental property in R-3 zoning with brand new electrical systems at a 10%+ cap rate ready for its next investor! No need to do any work because it has already been done! This property is completely turnkey along with the possibility of growing the rental income even more. Centrally located close to just about everything imaginable and is a snap to find tenants for. New floors, paint, appliances, and more! There are 7 bedrooms with the possibility of an 8th among two units. One of...Renovated student rental property in R-3 zoning with brand new electrical systems at a 10%+ cap rate ready for its next investor! No need to do any work because it has already been done! This property is completely turnkey along with the possibility of growing the rental income even more. Centrally located close to just about everything imaginable and is a snap to find tenants for. New floors, paint, appliances, and more! There are 7 bedrooms with the possibility of an 8th among two units. One of them is currently vacant and the rest are leased to May 2024. Utilities are separated per unit and each tenant has a utility cap of $35-50 a month. Each unit has their own laundry set. Large driveway for off-street parking and steps from major bus routes. Add this one to your portfolio today!
  1. Listed by Noel C Sleilati • HOWARD HANNA

Property Details for 108 Walnut Street

Architectural Style
Duplex
Subdivision Name
Daniel Leroy
Zoning
R3

Location

Listing Courtesy of HOWARD HANNA
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LISTING UPDATED: 04/08/2024 04:06 PM

Property Details for 108 Walnut Street

StatusActive
MLS #324847
Days on Market45
Taxes$4,056 / year
HOA Fees-
Condo/Co-op Fees$5,280 semi-monthly
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1910
Lot Size0.20 AC / 8,712 SF
CountyBroome County

Location

Listing Courtesy of HOWARD HANNA
Add your commute

Building Information for 108 Walnut Street

Stories-Residences2Year Built1910Building Size-Lot Size0.20 AC / 8,712 SF

Payment Calculator

$12,208 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,310

Property Taxes

$338

HOA Dues

$10,560

The Payment Calculator is for illustrative purposes only.

Property Information for 108 Walnut Street

Summary
Location and General Information
  • City: BINGHAMTON
  • County Or Parish: Broome
  • Directions: 17 to Front St, right on Gerard to end. Left on Walnut, house on left. Or Main St to Walnut.
  • Postal City: BINGHAMTON
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 04
  • Postal Code: 13905
  • Zoning Description: R3
Taxes and HOA Information
  • Parcel Number: 030200-160-031-0002-018-000-0000
  • Maintenance Expense: $5,280.00
  • Tax Annual Amount: $4,056.00
  • Tax Assessed Value: $63,500.00
  • Tax Book Number: 160.31-2-18
School Information
  • Elementary School: Horace Mann
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Attached Garage: No
  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Driveway, Detached, Garage, TwoCarGarage, OnStreet
Property
Lot Information
  • Above Grade Finished Area: 3032.0
  • Living Area: 3032.0
  • Lot Features: Level
  • Lot Size Area: 0.2
  • Lot Size Dimensions: 60 x 144
  • Lot Size Units: Acres
Property and Assessments
  • Sign On Property: No
  • Year Built: 1910
  • Property Sub Type: Duplex
  • Property SubType Additional: Duplex
  • Property Type: ResidentialIncome
  • Construction Materials: VinylSiding
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Porch
  • Structure Type: Duplex
Interior Features
  • Appliances: Dryer, Dishwasher, GasWaterHeater, Microwave, Range, Refrigerator, Washer
  • Inclusions: CARBON MONOXIDE DETECTOR,LIGHTING FIXTURE,SMOKE DETECTORS
  • Cooling: No
  • Cooling: None
  • Flooring: Hardwood, Vinyl
  • Heating: ForcedAir
  • Heating: Yes
  • Laundry Features: WasherHookup, DryerHookup
  • Bathrooms Full: 2
  • Bedrooms Total: 7
Room Information
Room 1
  • HumanModified: Yes
Room 2
  • HumanModified: Yes
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
Income & Expenses Information
  • Fuel Expense: $.00
  • Insurance Expense: $1,750.00
  • Professional Management Expense: $5,280.00
  • Electric Expense: $4,800.00
Unit 1
  • Actual Rent: $2,000.00
  • Baths Total: 1
  • Beds Total: 4
  • Total Rent: $2,000.00
Unit 2
  • Actual Rent: $2,000.00
  • Baths Total: 1
  • Beds Total: 4
  • Total Rent: $2,000.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 108 Walnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 108 Walnut Street

Taxable ValueLand$7,500Additions$56,000Total$63,500
Home Facts
Baths2Total Finished SqFt3,032 SqFtAbove Grade Finished SqFt3,032 SqFtStories2Lot Size8,640 SqFtStyleDuplexYear Built1910CountyBROOMEAPN030200 160.31-2-18Fireplace TypeHas Fireplace

Schools near 108 Walnut Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - PK to 12
Private - 7 to 12
Rating
School
Distance
Horace Mann School
PublicPK to 5

West Middle School
PublicPK to 8

Binghamton High School
PublicPK to 12

Seton Catholic-Central High School
Private7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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108 Walnut Street is a multi-family home for sale in Binghamton, NY 13905. This property was listed for sale on March 18, 2024 by HOWARD HANNA, it's currently listed at $240,000. It has been on the market for a total of 45 days and was last sold on October 14, 2022. This listing's school district is Binghamton City School District. Nearby schools include Horace Mann School, West Middle School and Binghamton High School. 108 Walnut Street is a 7-bed, 2-bath, 3,032 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of HOWARD HANNA

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.