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32 Seminary Ave 32 Seminary Ave 2 Unit Apartment Building $873,875 CAD ($436,937 CAD/Unit) 11.92% Cap Rate Binghamton, NY 13905
Investment Highlights
- Great Cash Flow
- Student Rental near Binghamton University campus
- Leased through May 2027
Executive Summary
Welcome to 32 Seminary Ave. This is an exceptionally well maintained & updated 11 Bedroom Duplex, located within the heart of the student zone of Binghamton! Updated throughout with new kitchens, bathrooms, hardwood floors & freshly painted. Large living rooms, a beautifully finished attic as a bonus room! This property is rented through May 2027, providing immediate and stable cash flow. Tenants pay all utilities, water, sewer, gas & electric. This is a rare opportunity to acquire a high performing, low maintenance student rental in a prime location! Beautifully situated at an 11.5% cap rate!!
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $873,875 CAD | Property Subtype | Apartment |
| Price Per Unit | $436,937 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 11.92% | Building Size | 3,908 SF |
| No. Units | 2 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1929 |
| Zoning | YES | ||
| Price | $873,875 CAD |
| Price Per Unit | $436,937 CAD |
| Sale Type | Investment |
| Cap Rate | 11.92% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,908 SF |
| No. Stories | 3 |
| Year Built | 1929 |
| Zoning | YES |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 6+3 | 1 | $5,835 CAD | - |
| 5+2 | 1 | $4,452 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
1 of 12
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Sall Associates - Mountain Shadow Apartments
32 Seminary Ave | 32 Seminary Ave
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