5 Miles from SUNY Binghamton. Beautiful Duplex in Nice Neighborhood. Easy access to Main Street Bus Line. Close to everything. Excellent Condition. Needs no work. Ready to move in. Separate Utilities.
Both units have 3 bedrooms each, Living Rooms, Dining Rooms, Large Eat-In Kitchens, Basements with Washers & Dryers, Nice Kitchen Appliances, Hardwood Floors and Nice Wood Trim throughout. One unit has One Full Bath and 2 additional Half Baths, Finished Basement, Dishwasher, Huge Walk-Up Attic and Oversized 2 and a Half Car Detached Garage.
Separate Gas and Electric meters for each unit.
Total Rent income is $2325/month, or $27,900 per year.... Excellent Cap Rat of 15%. Great money maker. Rents could be much higher for student rentals at around $500 per bedroom, or $3,000 per month.
Excellent for Investment or Owner Occupancy with supplemental rental income.
Purchase Price is $125,000.
Required (20%)Down Payment is $25,000 with Owner Financing.
Monthly Mortgage Payments are $1,161
7 Year Term with $37,603 Balloon Payment due at the end of 7 year term. Loan will be amortized at a 10 year rate.
Buyers would also be given the choice of avoiding the balloon payment by choosing a 7 year loan with a monthly payment of $1,509 with the same initial down payment of $25,000. This choice of a loan would be paid in full at the end of the 7 year term with No Balloon Payment due.
We would also consider doing a 3 Year Lease with Option to Buy with $16,000 Down Payment for those interested.