93 Walnut St

Highlights:

• Six-unit multifamily property with five two-bedroom units and one one-bedroom unit
• Located within Binghamton's student housing zone
• Full gut renovation opportunity with significant value-add potential
• Strong candidate for a BRRRR or long-term buy-and-hold investment strategy
• Convenient location near Downtown Binghamton, amenities, businesses, and transportation

Description:

93 Walnut Street presents a substantial value-add opportunity in Binghamton with six residential units consisting of five two-bedroom apartments and one one-bedroom apartment. The property requires a full gut renovation, giving a new owner the opportunity to rebuild and reposition the asset from the ground up. Located within the student housing zone and close to Downtown Binghamton, the property offers flexibility for either student or traditional rental use. With the right renovation plan, this property is well suited for an investor pursuing a BRRRR strategy, looking to create equity through improvements, stabilize rents, and refinance after completion. This is an opportunity for an experienced investor or contractor to acquire a multifamily property with significant upside potential.

Located on Walnut Street in Binghamton, the property offers convenient access to Downtown Binghamton, local businesses, restaurants, employment centers, and major transportation routes. The property is situated within the student housing zone, providing investors with the ability to target the student rental market in addition to traditional long-term tenants. Its location near Downtown and established residential neighborhoods makes it well positioned for an investor looking to renovate and reposition a multifamily asset.

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