101 Pennsylvania Avenue
$474,900
101 Pennsylvania Avenue, Binghamton, NY 13903
4,216 sqft
Building Size
6
Units
Details:
Highlights:
- Turnkey investment
- Fully furnished
- Ready to move tenants in immediately
- All 1-bedroom apartments
- Close to amenities and hospital
- Long term or short term rental options
- Large Capital Upgrades completed
- New furnaces, water heaters, roof, electrical
Description:
Fully renovated 6-unit apartment building located on Binghamton’s South Side, offering a true turnkey investment opportunity. Positioned near MacArthur Park and just around the corner from UHS Binghamton General Hospital, the property benefits from strong rental demand driven by proximity to healthcare and neighborhood amenities.
The property is also within walking distance to Weis, Walgreens, Dunkin, and a variety of other stores and restaurants, making it an attractive location for tenants seeking convenience and accessibility.
All 6 units have been completely remodeled and are being sold fully furnished, making this an ideal option for both traditional rentals or short-term rental strategies. Each apartment features updated kitchens and bathrooms, modern finishes, and durable laminate flooring throughout.
The property has been significantly upgraded with 6 newer furnaces, 6 water heaters, newer electrical, and a new roof, minimizing immediate capital expenditure for the next owner. The building is separately metered with 7 electric meters and 7 gas meters, allowing for efficient utility management and expense control.
With all major improvements already completed, this property offers a low-maintenance, stabilized asset with strong rental appeal in a consistently in-demand location!
Discover the vibrant surroundings of Binghamton, NY, where the convergence of history, culture, and modern amenities creates a dynamic backdrop for your investment. Nestled in a picturesque area, the property is conveniently located near prestigious educational institutions like Binghamton University, providing a built-in tenant base. The area is also within close proximity to scenic parks, trendy dining establishments, and lively entertainment options, offering residents an unparalleled living experience. With a thriving arts scene, diverse community events, and a robust economy, Binghamton presents an enticing opportunity for a Multifamily investor seeking to capitalize on the city's unique charm and promising growth potential.
Documents:
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Location
Gallery
