7 Tompkins Street

7 Tompkins Street

Binghamton, NY 13903

$1,100,000
Price
25
Beds
20
Baths
9,744 Sq. Ft.
$113 / Sq. Ft.
9,744
Sq. Ft.
$113
per Sq. Ft.

Description

Back on the market due to buyer not being able to produce funding. SVN Innovative presents an excellent investment opportunity with the offering of an all brick exterior 5-building complex, comprising 20 units, conveniently located near downtown Binghamton, on the bus line, and walking distance to court street. Each building consists of one 2-bedroom apartment and three 1-bedroom apartments. There is a parking lot located at the back of the building for plenty of off street parking and 10 garage...Back on the market due to buyer not being able to produce funding. SVN Innovative presents an excellent investment opportunity with the offering of an all brick exterior 5-building complex, comprising 20 units, conveniently located near downtown Binghamton, on the bus line, and walking distance to court street. Each building consists of one 2-bedroom apartment and three 1-bedroom apartments. There is a parking lot located at the back of the building for plenty of off street parking and 10 garage spaces ($50/mo). There is coin-op laundry in the basement for additional income. Apartments are generous size with abundant natural lighting. Updates included a new roof on one building, replacement windows in 2 buildings. Half the complex has been converted to electric baseboard heat, and the rest of complex is a mixture of baseboard and forced hot air. Tenants pay electric, landlord pays gas. Same owner for past 12 years. Refinanced in 2021 and switched LLC.
  1. Listed by James Lucenti • INNOVATIVE COMMERCIAL ADVISORS

Property Details for 7 Tompkins Street

Architectural Style
MultiFamily
Subdivision Name
Tc Peck Farm
Zoning
Mult

Location

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS
Add your commute
LISTING UPDATED: 04/25/2024 08:32 AM

Property Details for 7 Tompkins Street

StatusActive
MLS #324329
Days on Market99
Taxes$11,610 / year
HOA Fees-
Condo/Co-op Fees$2,450 semi-monthly
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1940
CountyBroome County

Location

Listing Courtesy of INNOVATIVE COMMERCIAL ADVISORS
Add your commute

Building Information for 7 Tompkins Street

Building/Complex7 Tompkins StFloor-Stories-Residences20Pet Policy-Year Built1940Building Size-

Payment Calculator

$11,871 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,003

Property Taxes

$968

HOA Dues

$4,900

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Tompkins Street

Summary
Location and General Information
  • City: BINGHAMTON
  • County Or Parish: Broome
  • Directions: Headed East on Court street (Rte 11) turn right on Tompkins, pass complex on the left, turn left on Webster street, then left on Broome Street. Take Broome to the end and parking lot is on the left.
  • Postal City: BINGHAMTON
  • Township: Binghamton
  • State Or Province: NY
  • MLS Area Major: Area 03
  • Postal Code: 13903
  • Zoning Description: Mult
Taxes and HOA Information
  • Parcel Number: 030200-160-036-0001-002-000-0000
  • Maintenance Expense: $2,450.00
  • Tax Annual Amount: $11,610.00
  • Tax Assessed Value: $120,000.00
  • Tax Book Number: 160.36-1-2
School Information
  • Elementary School: Benjamin Franklin
  • Elementary School District: Binghamton
  • High School District: Binghamton
  • Middle Or Junior School District: Binghamton
Parking
  • Garage Spaces: 10.00
  • Garage: Yes
  • Parking Features: Other, SeeRemarks
Property
Lot Information
  • Above Grade Finished Area: 9744.0
  • Living Area: 9744.0
  • Lot Features: Level
  • Lot Size Dimensions: 136x250
Property and Assessments
  • Sign On Property: No
  • Year Built: 1940
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: Brick
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Basement
Interior Features
  • Appliances: GasWaterHeater, Range, Refrigerator
  • Cooling: No
  • Cooling: None
  • Flooring: Laminate, Vinyl
  • Heating: Baseboard, ForcedAir, Other, SeeRemarks
  • Heating: Yes
  • Bathrooms Full: 20
  • Bathrooms Half: 0
  • Bedrooms Total: 25
Room Information
Room 1
  • HumanModified: Yes
Room 2
  • HumanModified: Yes
Room 3
  • HumanModified: Yes
Room 4
  • HumanModified: Yes
Room 5
  • HumanModified: Yes
Room 6
  • HumanModified: Yes
Room 7
  • HumanModified: Yes
Room 8
  • HumanModified: Yes
Room 9
  • HumanModified: Yes
Room 10
  • HumanModified: Yes
Room 11
  • HumanModified: Yes
Room 12
  • HumanModified: Yes
Room 13
  • HumanModified: Yes
Room 14
  • HumanModified: Yes
Room 15
  • HumanModified: Yes
Room 16
  • HumanModified: Yes
Room 17
  • HumanModified: Yes
Room 18
  • HumanModified: Yes
Room 19
  • HumanModified: Yes
Room 20
  • HumanModified: Yes
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 20
Income & Expenses Information
  • Water Sewer Expense: $7,983.00
  • Fuel Expense: $7,457.00
  • Gross Income: $172,920.00
  • Insurance Expense: $3,055.00
  • Professional Management Expense: $8,786.00
  • Electric Expense: $.00
  • Operating Expense: $45,781.00
  • Net Operating Income: $127,139.00
Unit 1
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 2
  • Actual Rent: $750.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $750.00
Unit 3
  • Actual Rent: $650.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $650.00
Unit 4
  • Actual Rent: $725.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $725.00
Unit 5
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 6
  • Actual Rent: $900.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $900.00
Unit 7
  • Actual Rent: $725.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $725.00
Unit 8
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 9
  • Actual Rent: $800.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $800.00
Unit 10
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 11
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 12
  • Actual Rent: $700.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $700.00
Unit 13
  • Actual Rent: $750.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $750.00
Unit 14
  • Actual Rent: $750.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $750.00
Unit 15
  • Actual Rent: $625.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $625.00
Unit 16
  • Actual Rent: $850.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $850.00
Unit 17
  • Actual Rent: $635.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $635.00
Unit 18
  • Actual Rent: $625.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $625.00
Unit 19
  • Actual Rent: $625.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $625.00
Unit 20
  • Actual Rent: $800.00
  • Baths Total: 1
  • Beds Total: 2
  • Total Rent: $800.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 7 Tompkins 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 7 Tompkins Street

Taxable ValueLand$40,000Additions$80,000Total$120,000
Home Facts
Total Finished SqFt9,744 SqFtAbove Grade Finished SqFt9,744 SqFtUnfinished Basement SqFt3,248 SqFtStories2Lot Size34,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1970CountyBROOMEAPN030200 160.36-1-2

Schools near 7 Tompkins Street

This home is within Binghamton City School District.
Rating
School
Type
Grades
Distance
Benjamin Franklin Elementary School
Public - PK to 5
Binghamton High School
Public - PK to 12
East Middle School
Public - 6 to 8
St John The Evangelist School
Private - PK to 6
Rating
School
Distance
Benjamin Franklin Elementary School
PublicPK to 5

Binghamton High School
PublicPK to 12

East Middle School
Public6 to 8

St John The Evangelist School
PrivatePK to 6

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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More information about 7 Tompkins Street, Binghamton, NY 13903

7 Tompkins Street is a multi-family home for sale in Binghamton, NY 13903. This property was listed for sale on January 25, 2024 by INNOVATIVE COMMERCIAL ADVISORS, it's currently listed at $1,100,000. It has been on the market for a total of 99 days and was last sold on August 4, 2021. This listing's school district is Binghamton City School District. Nearby schools include Benjamin Franklin Elementary School, Binghamton High School and East Middle School. 7 Tompkins Street is a 25-bed, 20-bath, 9,744 sqft multi-family home built in 1940.

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 INNOVATIVE COMMERCIAL ADVISORS

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.