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North St & Wells Ave 1 Multifamily Properties Offered at $1,000,000 in Binghamton, NY
Investment Highlights
- walkable, heated bath floors, secure building, hardwood floors, air conditioned
Executive Summary
Acquire a two-property package offering a strong blend of immediate cash flow and redevelopment upside in the Greater Binghamton market: 46 North St, Binghamton — Fully renovated and move-in ready 8-unit 14-bed, designed for immediate income with incredibly low maintenance costs due to a comprehensive renovation. The building features enhanced security with cameras and an intercom system, plus premium tenant conveniences including a heated bathroom mat, brand new appliances, and in-unit laundry. Located near downtown Binghamton and Binghamton University, this portfolio provides a rare mix of turnkey performance and value-add growth potential.
Property Facts
| Price | $1,000,000 | Number of Properties | 2 |
| Price / SF | $97.64 / SF | Individually For Sale | 1 |
| Cap Rate | 7.03% | Total Building Size | 10,242 SF |
| Sale Type | Investment | Total Land Area | 0.20 AC |
| Status | Active |
| Price | $1,000,000 |
| Price / SF | $97.64 / SF |
| Cap Rate | 7.03% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 10,242 SF |
| Total Land Area | 0.20 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 46 North St, Binghamton, NY 13905 | Multifamily | 10,242 SF | 1960 | $1,150,000 |
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North St & Wells Ave