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    OFF-MARKET
    Land

    22 Edwards St, Binghamton, NY 13905

    3,900 SF
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Total area 3,900 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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