110 Walnut St

Highlights:

• In R3 Zoning. Permissible for Student Housing.
• 4 units in 2 buildings.
• 2 new boilers.
• Water heaters all replaced in the past 5 years.
• Laundry hookups in the rear building and in the common areas.
• Tenants pay their own utilities. Landlord pays for Water and Sewer.

Description:

This two-building, four-unit property is located in Binghamton’s West Side, an area experiencing steady growth in student housing demand. Zoned R3, it is fully permissible for student rentals and is within walking distance to bus lines and Downtown Binghamton.

The property has been well maintained, ensuring consistent occupancy and reliable cash flow. It was converted from oil to natural gas in 2019, with all utilities separately metered. Recent upgrades include two new boilers and new hot water heaters installed within the last five years. Laundry hookups are available in the rear building’s common area. Tenants are responsible for all utilities except water and sewer.

This is a prime investment opportunity in a sought-after location with strong rental income potential.

Located in Binghamton’s West Side, this property sits in a rapidly growing student housing market. Zoned R3, it is fully permissible for student rentals and surrounded by an established student housing community. With walking distance access to bus lines and Downtown Binghamton, it offers convenience and strong rental demand.

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