26 Fayette St - Apartments FOR SALE


Binghamton, NY 13901- Center City
$295,000 USD
607-621-0439
26 Fayette St, Binghamton, NY for Sale
$295,000 USD
Apartments - FOR SALE
1/16
null | 13.55% Cap Rate

26 Fayette St
Binghamton, NY 13901
Center City


HIGHLIGHTS

  • Strong Cash Flow with Upside Potential – Proven rental history featuring two spacious 4-bedroom apartments and a massive studio apartment.

OVERVIEW

Excellent investment opportunity featuring three spacious apartments in a convenient Binghamton location. Situated within walking distance of public transportation, shopping, restaurants, and major employers, this property offers strong appeal to tenants. The building includes a large 4-bedroom apartment on the first floor, a second large 4-bedroom apartment on the second floor, and a massive studio apartment on the third floor. The second-floor unit was recently vacated and is currently available for lease, providing an opportunity to increase rents or select a new tenant. The property has a strong rental history, generous unit sizes, and consistent demand, making it an attractive option for both new and experienced investors seeking immediate income potential with upside through lease-up of the vacant unit. Discover the exciting opportunities surrounding this prime location in Binghamton, NY. Situated in a vibrant community, the area boasts convenient access to the downtown business district, shopping centers, and cultural attractions. The property is within close proximity to prominent universities, including Binghamton University, which offers a steady demand for multifamily and high-rise housing options. Enjoy easy access to local parks, restaurants, and entertainment venues, making the location highly desirable for potential renters and investors. With its strategic position in a dynamic and growing market, the area presents an enticing prospect for those seeking to capitalize on the thriving multifamily and high-rise real estate opportunities in Binghamton.

FOR SALE DETAILS

PRICE

$295,000 USD

PRICE/SF

$39 USD /SF

# OF UNITS

3

PRICE/UNIT

$98,333

CAP RATE

13.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fayette Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

Res 230

APN/PARCEL ID

030200-160-042-0002-034-000-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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