22 Edwards StBinghamton, NY 13905

For Sale
$299,000

Three-unit building, great rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional three-unit multifamily property located at 22 Edwards Street in Binghamton, New York, presents a compelling investment opportunity. Situated in the R3 zone, this property offers flexibility and high rental potential. The building encompasses a total of 3,900 square feet and comprises three distinct units. The front building is configured as a duplex, providing the option to rent to two smaller groups or a single larger group. Its adaptable layout offers significant versatility for maximizing rental income. The rear building features three bedrooms. The asking price of $299,000 allows for substantial value-add potential. Cosmetic upgrades could significantly enhance rental rates, particularly targeting student renters during the academic year. The property's location in Binghamton, NY, zip code 13905, within Broome County, offers convenient access to local amenities and transportation. This property is classified as both multifamily and commercial, making it an attractive investment for both seasoned and aspiring real estate investors seeking a strong return on investment in a thriving market. The property's zoning allows for student occupancy, further enhancing its rental prospects. This is a rare opportunity to acquire a well-positioned multifamily property with significant upside potential.

Highlights

  • Exceptional three-unit multifamily investment opportunity in Binghamton, NY.
  • 3,900 square foot building on a R3 zoned lot, offering high rental potential.
  • Consists of a front duplex and a separate three-bedroom rear building.
  • $299,000 asking price with significant value-add potential through cosmetic upgrades.
  • Located in Binghamton, NY (13905), Broome County, with convenient access to amenities and transportation.

Property Details for 22 Edwards St

Property type
Multifamily properties, Apartment buildings
Square Feet
3,900 SF
Units
3

Location Insight

City
Binghamton
County
Broome
State
New York
Latitude
42.1028288
Longitude
-75.9251878
22 Edwards St, Binghamton, New York

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22 Edwards St
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