17 Thorp St, Binghamton, NY, 13905

Highlights

• - Site plans are already done for you!
• - 6,110 SF building with 5 units
• - Built in 1960
• - Student Housing District
• - Well-maintained property
• - Spacious and versatile floor plan
• - Modern amenities
• - Strong rental history
• - Potential for value appreciation
• - Desirable unit mix
• - Proximity to local conveniences
• - Excellent investment potential

Description

Discover the endless possibilities of this solid 5-family apartment complex, perfectly situated in a high-demand area with excellent rental potential. While student housing is one great option due to its location in the heart of the student housing district, this property is suitable for a variety of tenants. Though it requires cosmetic upgrades, the heavy lifting has already been done, with brand-new electrical and plumbing systems throughout and a recently installed roof ensuring long-term durability. Combining the timeless charm of a classic design with essential modern upgrades, this property offers a fantastic opportunity for investors seeking consistent rental income or anyone looking to customize a multi-family space. Site plans are available, allowing you to envision the full potential of this property. Don’t miss the chance to explore all this property has to offer!

Discover the vibrant potential of Binghamton, NY, for your next Multifamily investment. Nestled in a historically rich landscape, the area offers a thriving local community, renowned educational institutions like Binghamton University, and a diverse range of cultural and recreational attractions. Explore unique dining experiences, eclectic arts and entertainment venues, and picturesque outdoor spaces, including the scenic Water Street Historic District and the tranquility of the Ross Park Zoo. With convenient access to major roadways and public transportation, the location provides an ideal foundation for a dynamic and prosperous residential development.