27 Morgan St

Highlights:

• - **$149,900 | Two units | 2,069 SF** with two- and three-bedroom apartments
• - **$25,200 annual rental income** and approximately **9% reported operating cap rate**
• - Separate gas/electric meters and laundry hookups
• - Corner lot with ample parking and a large, partially fenced yard
• - Value-add potential with convenient downtown and highway access

Description:

SVN Innovative Commercial Advisors is pleased to present 27 Morgan Street, a two-family investment property offered at $149,900 in Binghamton, NY. Generating $2,100 in current monthly rents, or $25,200 annually, the property offers established rental income and value-add potential. The 2,069-square-foot building features a two-bedroom first-floor apartment and a spacious three-bedroom second-floor apartment, with separate gas and electric meters and laundry hookups. Its approximately 9,955-square-foot corner lot provides ample off-street parking and a large, level, partially fenced backyard. Convenient access to downtown Binghamton and major highways supports tenant accessibility to employment, shopping, dining, and services. With a reported operating cap rate of approximately 9%, existing income, and opportunities to enhance the property through improvements, 27 Morgan Street offers an accessible entry point for investors seeking to establish or expand their multifamily portfolio.

27 Morgan Street is located on a corner lot in Binghamton, NY, with convenient access to downtown and major highways connecting the Greater Binghamton area. Nearby shopping, dining, services, and employment centers support everyday convenience for residents. The property combines a residential setting with access to urban amenities, while off-street parking and a spacious yard add to its appeal as a rental location.

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