Condos for Sale in 13905, NY

Condo for sale in 13905, NY:

Say goodbye to your landlord & start to invest in yourself! Owning a condo at 19 Front also takes away the worry of any exterior maintenance- talk about easy living!! This lovely, quiet condo is right in the heart of Binghamton but it seems invisible because of how it's tucked off of the main roads. There are 30 units in total & these don't pop up often. Unit #3, sometimes is also referred to as "C" has been recently updated w/ new flooring, modern granite tile counters, a new HWH and is spotless! If you want to either ease into home ownership, be close to the university & hospitals this is your opportunity. Oh, and those taxes are not a typo. .$2830 is unheard o

Condo for sale in 13905, NY:

77 Oak Street presents a compelling value-add opportunity in the heart of Binghamton’s established West Side student-housing market. The duplex is offered in as-is condition at $290,000, or approximately $48,333 per bed, compared with an estimated market average of approximately $70,000 per bed for stabilized student-housing properties. Following renovation, the property is projected to generate annual rental income of $57,600 and pro forma net operating income of $38,269. At the asking price, this equates to an approximate 13% pro forma capitalization rate, providing an attractive acquisition basis with meaningful potential for income growth and value creation.

Condo for sale in 13905, NY:

116 Murray Street presents a compelling value-add opportunity in Binghamton’s established West Side student-housing market. The property will be delivered vacant and sold in as-is condition, allowing a new owner to renovate and lease the property according to their investment strategy. Offered at approximately $42,500 per bed, it is priced below the approximately $60,000-per-bed benchmark for well-maintained and fully occupied student properties in the West Side market. Once renovated and stabilized at a projected market rent of approximately $700 per bed, the pro forma estimates annual net operating income of $39,111, representing an approximate 11.5% capitalization rate at the askin

Condo for sale in 13905, NY:

93 Walnut Street presents a substantial value-add opportunity in Binghamton with six residential units consisting of five two-bedroom apartments and one one-bedroom apartment. The property requires a full gut renovation, giving a new owner the opportunity to rebuild and reposition the asset from the ground up. Located within the student housing zone and close to Downtown Binghamton, the property offers flexibility for either student or traditional rental use. With the right renovation plan, this property is well suited for an investor pursuing a BRRRR strategy, looking to create equity through improvements, stabilize rents, and refinance after completion. This is an opportunity for an exper