73 Court StBinghamton, NY 13901

This exceptional six-unit apartment building, located at 73 Court Street in Binghamton, New York, presents a compelling value-add investment opportunity. The property boasts 19,880 square feet and sits on a 0.09-acre lot in the Downtown Business District, enjoying high visibility and foot traffic (7,687 average daily vehicles) with a walk score of 87. Built in 1970, this five-story Class B building currently features six units and approximately 5,500 square feet of turnkey retail space, along with 13 furnished student beds. Detailed blueprints exist for a significant expansion, adding 24 more beds, showcasing substantial upside potential. The property includes a substantial $450,000 green roof investment, enhancing both sustainability and aesthetic appeal. The asking price is $1,100,000, representing a price per unit of $333,166 and an 8.90% cap rate based on a net operating income (NOI) of $65,638. The property's prime location offers convenient access to SUNY bus lines and all downtown amenities. Financial information provided is pro forma. This is a rare chance to acquire a well-positioned multifamily property with immediate cash flow and significant long-term growth prospects.