16 Unit Main Street Portfolio
$1,499,000
327 Main St, Binghamton, NY 13905
8.48
Cap Rate
127,160
NOI
Details:
Highlights:
- - 11,679 SF mid-rise building
- - 16 units
- - Built in 1965, renovated in 2021
- - Zoned Multi Residential 20 Units
- - Prime location in Binghamton Student Housing area
- - Fully occupied with 100% occupancy
- - Updated and modernized facilities
- - Strong rental income potential
- - Proven investment opportunity
- - Stable and reliable cash flow
- - Attractive to multifamily/mid-rise investors
Description:
Introducing 327 Main St in Binghamton, NY - an attractive investment opportunity. This 11,679 SF, 16-unit property boasts a prime location in the sought-after Binghamton Student Housing area. The building, constructed in 1965, underwent a comprehensive renovation in 2021, ensuring modern appeal and functionality. Zoned Multi Residential 20 Units, the property currently enjoys full occupancy, signifying a stable income stream for potential investors. With a proven track record and optimal positioning, this multifamily/mid-rise property is poised to deliver exceptional returns.
Excellent location. Directly on Main Street. This is right on the SUNY and public transportation bus lines and is walking distance to many Restaurants, shops and amenities.
Documents:
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Location
Gallery
