33 Pine St Binghamton, NY 13901

Located in the rapidly developing stadium district of Binghamton, one block from Mirabito Stadium, this property presents a rare investment opportunity. The main building at 33 Pine Street features 13 beds and has a permit from the City for congruent living. All beds are leased for 5 years, starting at $450 per bed with 5% annual increases. A parking lot is connected to 31.5 Pine Street, which is a leased 4-bedroom home. The 13-bed unit at 33 Pine has been newly renovated. Tenants cover all expenses, excluding insurance and taxes. The commercial space has a new 3-year lease at $1,000 per month. The property offers three income sources: the main building with 13 beds, a 4-bedroom home leased to students, and commercial space. The property is 100% leased, providing stable income with growth potential. The location has a walkable score of 79 and is within walking distance of public and student transportation. There is an ability to bundle in 41.5 Fayette for a package deal. The property size is 8094 square feet.