Binghamton 4Rent Student Housing

Highlights

• • Fully Renovated: Updated kitchens with granite countertops, stainless steel appliances, and modern finishes throughout.
• • Convenient Living: Fully furnished 3-bedroom and studeio apartments offering comfort and affordability.
• • Coin-Operated Laundry: Conveniently located in the basement.
• • Secure Building: Features a sprinkler system throughout and a fire exit at the back.
• • Parking: A large off-street parking lot provides ample space for tenants.
• • Well-Maintained: Newer roof (15 years old) and solid construction
• • Value-Add Opportunity: The property currently has significant vacancies due to property management challenges. However, with streamlined management practices, this building has excellent potential for increased occupancy and revenue growth.
• Seize this opportunity to own a secure, updated, and strategically located investment property in Binghamton!

Description

This fantastic 9-unit solid brick building offers an incredible investment opportunity in a prime location within walking distance of downtown Binghamton’s vibrant bars, restaurants, and shopping. Situated just one block from the SUNY bus line, the property is highly attractive to tenants seeking convenience and accessibility. The fully renovated apartments feature updated kitchens with granite countertops, stainless steel appliances, and modern finishes throughout, offering comfort and affordability. Coin-operated laundry room in the basement adds to the convenience and income. The secure building includes a sprinkler system throughout and a fire exit at the back, while a large off-street parking lot provides ample space for tenants. The well-maintained property boasts a newer roof (15 years old) and solid construction. Although the building currently has significant vacancies due to property management challenges, it presents a tremendous value-add opportunity. With streamlined management practices, the property has excellent potential to achieve higher occupancy rates and increased revenue, making it a compelling investment in the heart of Binghamton. Financials based on proforma with 100% occupancy.

Discover the perfect investment opportunity in the vibrant Binghamton student housing market. Located in the heart of Binghamton, this sought-after area offers proximity to Binghamton University, ensuring a steady demand for quality student accommodations. With convenient access to the University, downtown amenities, and popular entertainment venues, this prime location presents an exceptional opportunity for multifamily/mid-rise investors. Surrounding attractions such as the Binghamton Zoo, Roberson Museum and Science Center, and the picturesque Recreation Park further enhance the desirability of this thriving student-centric area. Embrace the potential of Binghamton 4Rent Student Housing as a lucrative addition to your investment portfolio.

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