5 Gaines Street

Binghamton, NY 13905

$89,900
Price
3
Beds
2
Baths
1,756 Sq. Ft.
$51 / Sq. Ft.
1,756
Sq. Ft.
$51
per Sq. Ft.

Description

Here's a SUPER AFFORDABLE 2 family investment property for your portfolio that allows for so much upside potential with an additional "buildable city lot" (located at 7 Gaines) that is included with it! This great investment opportunity is just steps to the Front St Gateway to Downtown and a short walk (3 blocks) to all that downtown has to offer and easy access to BCC on upper Front St and the bus lines too. The property offers a NEWER ROOF (approx 3 years old) & both furnaces, water heaters and...Here's a SUPER AFFORDABLE 2 family investment property for your portfolio that allows for so much upside potential with an additional "buildable city lot" (located at 7 Gaines) that is included with it! This great investment opportunity is just steps to the Front St Gateway to Downtown and a short walk (3 blocks) to all that downtown has to offer and easy access to BCC on upper Front St and the bus lines too. The property offers a NEWER ROOF (approx 3 years old) & both furnaces, water heaters and breaker boxes have been replaced since the seller has owned it. The 1st floor 2 bedroom apt also has a 10 x 13 heated & windowed storage room allowing the potential for a 3rd bedroom if finished. So bring your DIY skills here. Also seller will give a $500 allowance for living room carpet replacement at closing. The 2nd floor vacant apartment is "MOVE IN READY". There are separate utilities, as tenants are responsible for heat, gas and electric for each apt. House is solid but selling AS-IS
  1. Listed by Michael J. Rizzo • CENTURY 21 NORTH EAST

Property Details for 5 Gaines Street

Zoning
residential

Location

Listing Courtesy of CENTURY 21 NORTH EAST
Add your commute
LISTING UPDATED: 04/23/2024 10:12 PM

Property Details for 5 Gaines Street

StatusActive Under Contract
MLS #325228
Days on Market7
Taxes$2,926 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1900
Lot Size0.10 AC / 4,515 SF
CountyBroome County

Location

Listing Courtesy of CENTURY 21 NORTH EAST
Add your commute

Building Information for 5 Gaines Street

Stories-Residences2Year Built1900Building Size-Lot Size0.10 AC / 4,515 SF

Payment Calculator

$734 per month

30 year fixed, 7.25% Interest

Principal and Interest

$491

Property Taxes

$244

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Gaines Street

Summary
Location and General Information
  • City: BINGHAMTON
  • County Or Parish: Broome
  • Directions: Take Front St to Gaines St
  • Postal City: BINGHAMTON
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13905
  • Zoning Description: residential
Taxes and HOA Information
  • Parcel Number: 030200-144-080-0002-018-000-0000
  • Tax Annual Amount: $2,926.00
  • Tax Assessed Value: $46,000.00
  • Tax Book Number: 144.80-2-18
School Information
  • Elementary School: Woodrow Wilson
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Garage Spaces: .00
  • Garage: No
  • Parking Features: Driveway
Property
Lot Information
  • Above Grade Finished Area: 1756.0
  • Living Area: 1756.0
  • Lot Features: Level
  • Lot Size Dimensions: 43 X 105
Property and Assessments
  • Sign On Property: Yes
  • Year Built: 1900
  • Property Sub Type: Duplex
  • Property SubType Additional: Duplex
  • Property Type: ResidentialIncome
  • Construction Materials: ShingleSiding
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Porch
Interior Features
  • Appliances: ExhaustFan, GasWaterHeater, Range, Refrigerator
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Cooling: CeilingFans
  • Flooring: Carpet, Vinyl
  • Heating: ForcedAir
  • Heating: Yes
  • Bathrooms Full: 2
  • Bedrooms Total: 3
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 Units Total: 2
Income & Expenses Information
  • Fuel Expense: $.00
  • Insurance Expense: $.00
  • Electric Expense: $.00
Unit 1
  • Actual Rent: $580.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $580.00
Unit 2
  • Actual Rent: $.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 5 Gaines 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 5 Gaines Street

Taxable ValueLand$7,100Additions$38,900Total$46,000
Home Facts
Baths2Total Finished SqFt1,756 SqFtAbove Grade Finished SqFt1,756 SqFtStories2Lot Size4,515 SqFtStyleDuplexYear Built1900CountyBROOMEAPN030200 144.80-2-18

Schools near 5 Gaines Street

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

Binghamton High School
PublicPK to 12

Woodrow Wilson School
PublicK to 5

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.

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Listing Courtesy of CENTURY 21 NORTH EAST

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.