424 Conklin Ave, Binghamton, NY 13903

This exceptional 17-unit apartment building, located at 424 Conklin Ave in Binghamton, NY, presents a compelling investment opportunity. The property boasts a substantial 14,208 square feet across three stories, situated on a 0.74-acre lot. Currently operating at 100% occupancy, this stabilized asset generates a strong net operating income (NOI) of $100,529, translating to an attractive 9.13% capitalization rate. The building features updated finishes and desirable tenant amenities, including balconies, on-site laundry facilities, and parking. Each unit is separately metered for efficient utility management. Its convenient location on a bus route enhances its appeal to a wide range of tenants. The property is zoned for residential use and is not subject to a ground lease. This well-managed multifamily property offers a solid return on investment with significant potential for future growth. Financial details and pricing are available upon request. This is a rare opportunity to acquire a high-performing multifamily asset in a desirable location. The property consists of one building with 17 units and is situated in Broome County, NY, zip code 13903.