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101 Pennsylvania Ave 6 Unit Apartment Building $654,730 CAD ($109,122 CAD/Unit) Binghamton, NY 13903
Investment Highlights
- Turnkey investment opportunity with all major renovations completed.
- All six units are 1-bedroom apartments, ideal for both long-term and short-term rental strategies.
- Significant capital improvements include new furnaces, water heaters, roof, and electrical systems.
- Fully furnished units, ready for immediate tenant occupancy.
- Prime location near UHS Binghamton General Hospital, MacArthur Park, and neighborhood amenities.
- Large Capital Upgrades completed. New furnaces, water heaters, roof, electrical
Executive Summary
Fully renovated 6-unit apartment building located on Binghamton’s South Side, offering a true turnkey investment opportunity. Positioned near MacArthur Park and just around the corner from UHS Binghamton General Hospital, the property benefits from strong rental demand driven by proximity to healthcare and neighborhood amenities.
The property is also within walking distance to Weis, Walgreens, Dunkin, and a variety of other stores and restaurants, making it an attractive location for tenants seeking convenience and accessibility.
All 6 units have been completely remodeled and are being sold fully furnished, making this an ideal option for both traditional rentals or short-term rental strategies. Each apartment features updated kitchens and bathrooms, modern finishes, and durable laminate flooring throughout.
The property has been significantly upgraded with 6 newer furnaces, 6 water heaters, newer electrical, and a new roof, minimizing immediate capital expenditure for the next owner. The building is separately metered with 7 electric meters and 7 gas meters, allowing for efficient utility management and expense control.
With all major improvements already completed, this property offers a low-maintenance, stabilized asset with strong rental appeal in a consistently in-demand location!
Discover the vibrant surroundings of Binghamton, NY, where the convergence of history, culture, and modern amenities creates a dynamic backdrop for your investment. Nestled in a picturesque area, the property is conveniently located near prestigious educational institutions like Binghamton University, providing a built-in tenant base. The area is also within close proximity to scenic parks, trendy dining establishments, and lively entertainment options, offering residents an unparalleled living experience. With a thriving arts scene, diverse community events, and a robust economy, Binghamton presents an enticing opportunity for a Multifamily investor seeking to capitalize on the city's unique charm and promising growth potential.
The property is also within walking distance to Weis, Walgreens, Dunkin, and a variety of other stores and restaurants, making it an attractive location for tenants seeking convenience and accessibility.
All 6 units have been completely remodeled and are being sold fully furnished, making this an ideal option for both traditional rentals or short-term rental strategies. Each apartment features updated kitchens and bathrooms, modern finishes, and durable laminate flooring throughout.
The property has been significantly upgraded with 6 newer furnaces, 6 water heaters, newer electrical, and a new roof, minimizing immediate capital expenditure for the next owner. The building is separately metered with 7 electric meters and 7 gas meters, allowing for efficient utility management and expense control.
With all major improvements already completed, this property offers a low-maintenance, stabilized asset with strong rental appeal in a consistently in-demand location!
Discover the vibrant surroundings of Binghamton, NY, where the convergence of history, culture, and modern amenities creates a dynamic backdrop for your investment. Nestled in a picturesque area, the property is conveniently located near prestigious educational institutions like Binghamton University, providing a built-in tenant base. The area is also within close proximity to scenic parks, trendy dining establishments, and lively entertainment options, offering residents an unparalleled living experience. With a thriving arts scene, diverse community events, and a robust economy, Binghamton presents an enticing opportunity for a Multifamily investor seeking to capitalize on the city's unique charm and promising growth potential.
Property Facts
| Price | $654,730 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $109,122 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| No. Units | 6 | Building Size | 4,216 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 2000/2026 |
| Zoning | R-3 - Residential and Low & Moderate Density | ||
| Price | $654,730 CAD |
| Price Per Unit | $109,122 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,216 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2000/2026 |
| Zoning | R-3 - Residential and Low & Moderate Density |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Storage Space
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 030200-176-024-0002-014-000-0000 | Improvements Assessment | $106,847 CAD |
| Land Assessment | $14,476 CAD | Total Assessment | $121,323 CAD |
Property Taxes
Parcel Number
030200-176-024-0002-014-000-0000
Land Assessment
$14,476 CAD
Improvements Assessment
$106,847 CAD
Total Assessment
$121,323 CAD
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