2 Grand Blvd Binghamton, NY 13905

Property Details for 2 Grand Blvd

Year built

1930

Property type

Residential income homes

Description

This exceptional ten-unit multifamily property, situated at 2 Grand Boulevard in Binghamton, New York, presents a compelling investment opportunity. The building boasts a prime location on Grand Boulevard, offering convenient access to local amenities and transportation. Each of the ten apartments features a unique design with both front and rear entrances, maximizing natural light and creating bright, airy living spaces. The functional layouts are well-suited to a variety of tenants. A significant number of units showcase beautifully updated kitchens and bathrooms, enhancing their appeal and rental value. Ample parking is available for residents, with spaces located on both Grand Boulevard and Schiller Street. The property benefits from the presence of a current property supervisor who resides on-site and expresses a strong desire to continue in their role, ensuring seamless management and tenant relations. This turnkey investment offers immediate income generation potential with the possibility of further value appreciation through ongoing property management and potential future upgrades. The property is offered at $1,150,000. This represents a rare opportunity to acquire a well-maintained, high-yield multifamily building in a desirable Binghamton location. Serious inquiries are encouraged. The property sits on a 0-acre lot.