101 Pennsylvania Ave - Apartments FOR SALE


Binghamton, NY 13903- Southside East Binghamton
$474,900 USD
607-481-5660
101 Pennsylvania Ave, Binghamton, NY for Sale
$474,900 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

101 Pennsylvania Ave
Binghamton, NY 13903
Southside East Binghamton


HIGHLIGHTS

  • Turnkey investment opportunity with all major renovations completed.
  • Fully furnished units, ready for immediate tenant occupancy.
  • All six units are 1-bedroom apartments, ideal for both long-term and short-term rental strategies.
  • Prime location near UHS Binghamton General Hospital, MacArthur Park, and neighborhood amenities.
  • Significant capital improvements include new furnaces, water heaters, roof, and electrical systems.
  • Large Capital Upgrades completed. New furnaces, water heaters, roof, electrical.

OVERVIEW

Fully renovated 6-unit apartment building located on Binghamton’s South Side, offering a true turnkey investment opportunity. Positioned near MacArthur Park and just around the corner from UHS Binghamton General Hospital, the property benefits from strong rental demand driven by proximity to healthcare and neighborhood amenities. The property is also within walking distance to Weis, Walgreens, Dunkin, and a variety of other stores and restaurants, making it an attractive location for tenants seeking convenience and accessibility. All 6 units have been completely remodeled and are being sold fully furnished, making this an ideal option for both traditional rentals or short-term rental strategies. Each apartment features updated kitchens and bathrooms, modern finishes, and durable laminate flooring throughout. The property has been significantly upgraded with 6 newer furnaces, 6 water heaters, newer electrical, and a new roof, minimizing immediate capital expenditure for the next owner. The building is separately metered with 7 electric meters and 7 gas meters, allowing for efficient utility management and expense control. With all major improvements already completed, this property offers a low-maintenance, stabilized asset with strong rental appeal in a consistently in-demand location! Discover the vibrant surroundings of Binghamton, NY, where the convergence of history, culture, and modern amenities creates a dynamic backdrop for your investment. Nestled in a picturesque area, the property is conveniently located near prestigious educational institutions like Binghamton University, providing a built-in tenant base. The area is also within close proximity to scenic parks, trendy dining establishments, and lively entertainment options, offering residents an unparalleled living experience. With a thriving arts scene, diverse community events, and a robust economy, Binghamton presents an enticing opportunity for a Multifamily investor seeking to capitalize on the city's unique charm and promising growth potential.

FOR SALE DETAILS

PRICE

$474,900 USD

PRICE/SF

$113 USD /SF

# OF UNITS

6

PRICE/UNIT

$79,150

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,544 SF

ZONING

R-3

APN/PARCEL ID

030200-176-024-0002-014-000-0000

ASK ABOUT THIS PROPERTY

Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

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Coty LunnSVN Innovative Commercial AdvisorsMore Info
607-481-5660

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.