25 Virgil St, Binghamton, NY, 13901

Highlights

• High-Yield Multifamily Asset: Produces $50,400 annual rent, 12.10% cap rate, $33,280 NOI, DSCR 1.83, and 22% cash-on-cash return—immediate, reliable cash flow with upside.
• Prime East Side Location: Minutes to Binghamton University, Downtown, major employers, hospitals, shopping, and top transit routes (I-81, I-88, Route 17/I-86)—exceptional tenant demand and rapid lease-up.
• Turn-Key Investment with Growth Potential: Updated mechanicals, separated electric (6 meters), low owner-paid utilities, and strong rental corridor with proven rent-increase opportunity.

Description

Uncover exceptional investment potential in the rapidly growing Binghamton market, where this property is strategically positioned within a vibrant commercial and residential corridor surrounded by strong tenant demand drivers. Located minutes from Binghamton University, Downtown Binghamton, major employers, medical centers, and popular community amenities such as Recreation Park, this area offers the perfect blend of professional opportunity and urban convenience. Investors will appreciate the seamless access to I-81, I-88, and Route 17/I-86, public transportation, retail centers, and high-traffic commercial zones—ideal for long-term stability and accelerated portfolio growth. This high-performing 5-unit multifamily asset features 2,476 sq ft, 7 bedrooms, separated electric (6 meters), and low owner-paid utilities, producing $50,400 in annual gross rent with a strong 12.10% cap rate and $33,280 NOI at the $275,000 price point. Units lease quickly in this high-demand rental corridor, offering immediate cash flow with significant rent-increase potential. With a DSCR of 1.83, 22% cash-on-cash return, updated mechanicals, and stable tenancy, 25 Virgil presents a rare opportunity to acquire a turn-key, income-producing investment in an area experiencing ongoing revitalization, strong analytics performance, and long-term upside for multifamily, commercial, and office-based investors alike.

Uncover the potential of the dynamic Binghamton area surrounding the property. Positioned within a bustling commercial enclave, the location presents a prime opportunity for office and office building investors. Experience the convenience of nearby attractions such as the picturesque Recreation Park, the prestigious Binghamton University, and the vibrant downtown district with its diverse dining and entertainment options. With seamless access to major transportation arteries and a lively community atmosphere, the area offers an ideal blend of professional opportunity and urban living. Embrace the potential for business growth and community engagement in this sought-after urban setting.

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