Residential Income in Binghamton

$899,900

36 & 36.5 Fayette St, 13903, Binghamton, NY

Residential Income for sale in Binghamton, 36 & 36.5 Fayette St, 13903, 8024 m²

36 & 36.5 Fayette St, 13903, Binghamton, NY

$899,900

18Bed
8024m²
Type: Residential Income

Description

Prime multifamily investment opportunity in Downtown Binghamton featuring two buildings with 11 fully leased apartments generating $10, 425 per month and $125, 100 in annual gross rental income! With established tenancy and a consistent occupancy history, this property offers immediate income and long-term investment potential. Separate electric meters and tenant-paid electric help minimize operating expenses. Significant improvements include roofs installed in 2019 and 2025, along with updated kitchens, bathrooms, flooring, and appliances throughout. Conveniently located near Downtown Binghamton, public transportation, dining, entertainment, and Mirabito Stadium. An excellent opportunity to acquire an established 11-unit multifamily asset with substantial rental income and major capital improvements already completed!

Agent Information

Location

36 & 36.5 Fayette St, 13903, Binghamton, NY

Data

Object TypeResidential Income
Purchase Price$899,900
Living Space8024 m²
Plot SizeN/A
BathroomsN/A
Construction Year1940
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeRadiators, Steam
Primary Energy SourceN/A
Construction Year1940
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

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