Crandall Hall Apartments

Highlights:

• Fully renovated 24-unit apartment building, 100% occupied
• New roof with 23 years of warranty remaining
• Elevator, updated hot water systems, in-unit and hallway sprinklers
• Separately metered electric heat, high-speed internet, and off-street parking
• Prime West Side location with strong tenant demand, 83 Walk Score, and direct SUNY bus access

Description:

For sale is a fully renovated, 100% occupied 24-unit apartment building on Binghamton’s West Side, offering investors immediate, stable income with minimal capital requirements.

The property has undergone comprehensive upgrades, including a new roof with 23 years remaining on the warranty, modern hot water systems, hallway and in-unit sprinklers, high-speed internet, and an elevator for tenant convenience. Each unit is separately metered with electric heat, ensuring efficient operations and predictable expenses. Off-street parking and a landscaped picnic area further enhance tenant satisfaction and long-term retention.

With its strong occupancy history and no immediate CAPEX needs, this building provides both security and the potential for future value growth.

Strategically positioned at the intersection of Main and Crandall Street, the property combines excellent visibility with unmatched accessibility. Main Street averages nearly 12,700 vehicles daily, while the neighborhood earns a Walk Score of 83, placing residents within steps of restaurants, cafés, retail, and essential services.

Direct access to public and SUNY bus lines ensures consistent tenant demand from students and professionals alike, while nearby Recreation Park and Binghamton University add to the appeal of the West Side as one of the city’s most desirable residential areas.

The location’s proven strength in attracting and retaining tenants makes it an ideal investment setting that will continue to generate reliable returns.

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