22 Edwards St Binghamton, NY 13905
- Land
- 3,900 SF
Current Use by Public Records
- Land
Property Details for 22 Edwards St
- Property size
- 3,900 SF
- Property type
- Land
- Property subtype
- Apartment buildings
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Binghamton
- County
- Broome
- State
- New York
- Longitude
- -75.9252
- Latitude
- 42.1028
