59 Grand Ave. & 7 Tremont Ave.

Description:

This offering presents a rare opportunity to acquire two well-located multifamily properties in Johnson City and Binghamton, NY. The portfolio consists of 20 total units, all one-bedroom layouts, with a strong occupancy history and minimal turnover, as reflected by the current fully occupied status.
Both properties have benefited from substantial unit renovations, offering investors stabilized income with limited near-term operational disruption. Priced at $69,950 per unit, this portfolio represents an attractive multifamily investment opportunity in two convenient rental locations with strong tenant demand.


59 Grand Avenue is ideally located in Johnson City’s growing healthcare and education corridor, within walking distance of Binghamton University’s Health Sciences Campus and the expanded UHS Wilson Medical Center. The property benefits from strong nearby demand drivers, including students, faculty, medical professionals, and hospital employees, making it well positioned for long-term multifamily rental demand.
7 Tremont Avenue offers a convenient Binghamton location with quick access to Downtown, major roadways, and the State Street Bridge interchange. The property is within walking distance of South Side Veterans Park, the Exchange Street Bridge, and Downtown Binghamton’s restaurants, shops, and amenities. Situated in an R3 zoning district, the location supports strong rental appeal, including potential student housing demand.