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1 King Ave

$3,149,000

1 King Ave, Binghamton, NY 13905

Active
Last Updated: 04/28/2025

18,252 sqft

Building Size

C

Class

Details:
Building Size:    18,252 sqft
Class:    C
Units:    30
Year Built:    1900
Floors:    2
Description:

An exceptional investment opportunity awaits with this 15-property portfolio in Binghamton, featuring 30 total rental units across 4 single-family homes, 7 duplexes, and 4 triplexes, all within close proximity. This income-generating package includes single-family homes at 23 Martha, 40 Tremont, 2 Mozart, and 3 Jerome; duplexes at 14 Carhart, 18 Tremont, 19 Haendel, 31 Schiller, 39 Rush, 3 Aldrich, and 1 King; and triplexes at 58 Schubert, 100 Crestmont, 19 Highland, and 10 Jefferson. With strong rental demand and established cash flow, this portfolio presents a rare opportunity for investors to start making money from day one while benefiting from long-term appreciation. Whether you're looking to expand your holdings or enter the market with a high-performing, multi-property package, this is an opportunity you don’t want to miss!

Located in the heart of Binghamton, NY, this portfolio is strategically positioned in a high-demand rental market, just minutes from Binghamton University, UHS and Lourdes Hospitals, and major employers. With easy access to I-81, I-88, and Route 17, tenants enjoy seamless connectivity to downtown, shopping centers, parks, and entertainment. The area's strong rental demand, growing economy, and ongoing revitalization efforts make this an attractive investment opportunity with immediate income potential and long-term appreciation.

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