32 Broome St
$544,900
32 Broome St, Binghamton, NY 13903
10
Cap Rate
54,506
NOI
Details:
Highlights:
- Separate utilities paid by tenants
- 6 units offering stable rental income from day 1
- Constructed in 1975 with enduring structural integrity
- Zoned R-3 for flexible usage and development potential (approved for students as well)
- Full occupancy to long term tenants, providing immediate income generation opportunity
Description:
Welcome to 32 Broome Street in Binghamton, NY, a turnkey, fully occupied six-unit multifamily investment with recent renovations, rents near market levels, and separate utilities. Built in 1975 and situated in an R-3 zone, this well-maintained 5,824 SF property features six 2-bedroom, 1-bath apartments and a strong rental history. Additionally, it is in the student housing district and approved for student housing.
The efficient utility setup includes 7 electric meters and 7 gas meters, allowing tenants to pay their own gas and electric while the owner is responsible only for common-area utilities. Additional highlights include ample off-street parking, private rear balconies, and coin-operated laundry in the basement for added income potential. The basement also offers high ceilings and a solid concrete foundation, providing useful storage and utility space.
Conveniently located near bus lines, shopping, restaurants, and everyday amenities, 32 Broome Street offers stable in-place income, efficient operations, and a well-maintained asset for an investor looking to start or expand their portfolio. Schedule your showing today!
Discover the thriving neighborhood surrounding this Binghamton property, offering an array of amenities and attractions for residents. Enjoy close proximity to Binghamton University, a renowned educational institution known for its academic excellence and vibrant campus community. Immerse yourself in the natural beauty of the nearby Chenango Riverwalk or explore the diverse dining, shopping, and entertainment options in the bustling downtown district. As a prospective Multifamily investor, you'll appreciate the area's dynamic blend of urban conveniences and scenic surroundings, creating an enticing lifestyle for future residents!
Documents:
| Title | ||
|---|---|---|
| 32 Broome - MLS Listing.pdf | ||
| 32 Broome Water Bills.pdf | ||
| 2026.pdf |
Location
Gallery
