Crandall Hall Apartments

Highlights:

• Fully renovated 24-unit multifamily property
• 100% occupied with immediate, stabilized cash flow
• Strong historical occupancy and tenant retention
• Limited near-term capital requirements
• Newer roof with approximately 23 years remaining on the warranty
• Updated domestic hot-water systems
• Hallway and in-unit sprinkler systems
• High-speed internet infrastructure
• Elevator serving the building
• Separately metered apartments with electric heat
• Off-street parking for resident convenience
• Landscaped outdoor picnic area
• Desirable West Side location with a Walk Score of 83
• Direct access to public transportation and SUNY bus routes
• Turnkey investment offering durable income and long-term appreciation potential

Description:

Offered for sale is a fully renovated, 100% occupied 24-unit apartment building located on Binghamton’s desirable West Side. The property provides investors with immediate, stabilized cash flow supported by a strong occupancy history and limited near-term capital requirements.

Comprehensive improvements include a newer roof with approximately 23 years remaining on its warranty, updated domestic hot-water systems, hallway and in-unit sprinkler systems, high-speed internet infrastructure and an elevator serving the building. Each apartment is separately metered and equipped with electric heat, supporting efficient operations and predictable ownership expenses.

Off-street parking and a landscaped outdoor picnic area further enhance the resident experience and support long-term tenant retention. With substantial capital improvements already completed and no immediate deferred-maintenance requirements, 2 Crandall Street represents a turnkey multifamily investment offering durable income and long-term appreciation potential.

Strategically located at the intersection of Main and Crandall Streets, 2 Crandall Street offers excellent visibility, convenient access and strong connectivity within Binghamton’s desirable West Side. Main Street carries approximately 12,700 vehicles per day, while the surrounding neighborhood has a Walk Score of 83, placing residents within walking distance of restaurants, cafés, retail establishments and essential services.

Public transportation and SUNY bus routes are readily accessible, providing convenient connections to Downtown Binghamton and Binghamton University. Nearby Recreation Park further enhances the location’s appeal to students, professionals and long-term residents.

The property’s combination of visibility, walkability, transportation access and proximity to neighborhood amenities supports consistent rental demand and strong long-term investment fundamentals.

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