4 Florence Ave, Binghamton, NY 13905

This stabilized multifamily property, located at 4 Florence Ave, Binghamton, NY 13905, presents a compelling investment opportunity. The two-unit, six-bedroom building, constructed in 1940 and extensively renovated in 2020, boasts a strong rental history with a current monthly income of $3600. The property features a desirable Westside location, zoned for student housing, and is conveniently situated on a one-way street with a front porch. Each unit offers spacious and bright living areas with luxury vinyl plank flooring. The first-floor unit includes a full, new kitchen, while the upper unit features a new kitchenette and in-unit laundry (washer/dryer). Two off-street parking spaces are provided, and a nearby bus stop enhances accessibility. The property's financial performance is highlighted by a $325,000 asking price, a $43,200 net operating income (NOI), and a 13.29% capitalization rate. The price per unit is $162,500. This is an excellent opportunity for investors seeking a stable, high-yield property in a strong rental market. The property is held in an LLC and is offered for sale by owner.