272 Main St

Highlights

• 12 Units: 6, 2 Bed Units and 6, 1 Bed Units.
• Separate Electric.
• Excellent Main St Location.
• Student Housing permissible in this zone.
• On the public and student bus lines.
• Many recent updates.
• Fully Leased.

Description

Prime investment opportunity: fully leased 12-unit multifamily property on Main Street in Binghamton, offering excellent rental demand in a highly sought-after location. Directly across from a new commercial development, this property provides convenient access to public and student bus lines, with a walkability score of 79, close to numerous restaurants, shops, and amenities. The building consists of six 2-bedroom and six 1-bedroom units, each with separate electric meters. Recent improvements include a new boiler (2022), roof coating (2023), and upgraded security systems. With 12,654 daily traffic count and commercial zoning, this property is ideal for multifamily or student housing, ensuring strong cash flow and growth potential.

This prime location on Main Street in Binghamton is perfect for multifamily housing, offering high visibility across from a new commercial development. With a strong rental demand and direct access to public and student bus lines, the area boasts a walkability score of 79, making it convenient for residents to enjoy nearby restaurants, shops, and amenities. The site sees an average daily traffic count of 12,654, and with commercial zoning, student housing is also a viable option, ideal for those attending either the Vestal or Johnson City campuses.

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