2 Crandall St | Binghamton, NY 13905
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- LoopNet Team
2 Crandall St
Binghamton, NY 13905
Cash-Flowing Crandall Hall Apartments · Multifamily Property For Sale
·
24 Units
Investment Highlights
- Crandall Hall Apartments have been fully renovated and received a new roof two years ago.
- There is no CapEx needed and strong in-place cash-flow, enabling a hands-free investment opportunity with value-add to raise rental rates.
- Building is elevator-served and fully sprinklered, and it offers electric heat with electricity separately metered and a coin-op laundry.
- In Binghamton’s West Side neighborhood, which sits along the Susquehanna and Chenango Rivers, one bridge away from downtown.
- Unit mix consists of 24 one-bed/ one-bath units across three stories; there is currently just one vacancy.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.28 AC |
| Type of Ownership | Fee Simple | Building Size | 14,430 SF |
| No. Units | 24 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1964 |
| Apartment Style | Low-Rise | Parking Ratio | 0.83/1,000 SF |
| Building Class | C | Parcel Number | 030200-160-030-0002-023-000-0000 |
| Zoning | Commercial | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 14,430 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | Commercial |
| Parcel Number | 030200-160-030-0002-023-000-0000 |
Amenities
Unit Amenities
- Heating
- Kitchen
- High Speed Internet Access
- Tub/Shower
- Grill
- Family Room
Site Amenities
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 550 |
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