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99 Robinson St - 99 Robinson St. 6 Unité Immeuble d’habitation offert à 344 735 $ CAD Binghamton, NY 13904



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Faits saillants de l'investissement
- Six-unit value-add opportunity built for the BRRR method or a fix and flip strategy
- Uniform 2-bedroom unit mix, 12 beds total, keeps renovation scope repeatable and leasing straightforward
- Five of six units vacant, allowing renovation on the buyer's own timeline with no tenant coordination or lost rent
Résumé de l'annonce
99 Robinson Street is a six-unit renovation play built for the BRRR method or a value-add fix and flip. Five of the six units are vacant, allowing renovation on the buyer's own timeline with no tenant coordination, relocation costs, or lost rent from working around occupied units. The sixth unit is occupied at below-market rent and can be turned or held through the initial phase. The uniform mix, six 2-bedroom units, 12 beds total, keeps the renovation scope repeatable, which simplifies budgeting, contractor scheduling, and post-renovation leasing. The metal roof was replaced within the last 5 to 7 years, so the major exterior capital item is already handled and renovation dollars can go entirely into interior finishes, the work that drives rent.
Current rents reflect the building's unrenovated condition, and the gap between in-place and market rent represents the value to be created, not value already priced in at acquisition. Once renovated, an investor running BRRR can refinance off the stabilized NOI, while a fix and flip investor can market the property as turnkey. The location supports either exit: a walkable Eastside Binghamton neighborhood near daily-needs retail and services, off-street parking on site, and consistent demand for 2-bedroom units that supports fast lease-up. A pro forma rent roll reflecting achievable rents once renovation is complete is included below.
Current rents reflect the building's unrenovated condition, and the gap between in-place and market rent represents the value to be created, not value already priced in at acquisition. Once renovated, an investor running BRRR can refinance off the stabilized NOI, while a fix and flip investor can market the property as turnkey. The location supports either exit: a walkable Eastside Binghamton neighborhood near daily-needs retail and services, off-street parking on site, and consistent demand for 2-bedroom units that supports fast lease-up. A pro forma rent roll reflecting achievable rents once renovation is complete is included below.
Bilan financier (Pro forma - 2026) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
105 075 $
|
22,09 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
5 254 $
|
1,10 $
|
| Revenu brut effectif |
99 821 $
|
20,99 $
|
| Taxes |
3 414 $
|
0,72 $
|
| Dépenses d’exploitation |
32 835 $
|
6,90 $
|
| Total des dépenses |
36 250 $
|
7,62 $
|
| Revenu net d’exploitation |
63 572 $
|
13,37 $
|
Bilan financier (Pro forma - 2026)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 105 075 $ |
| Annuel par pi² | 22,09 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | 5 254 $ |
| Annuel par pi² | 1,10 $ |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 99 821 $ |
| Annuel par pi² | 20,99 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 3 414 $ |
| Annuel par pi² | 0,72 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 32 835 $ |
| Annuel par pi² | 6,90 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 36 250 $ |
| Annuel par pi² | 7,62 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 63 572 $ |
| Annuel par pi² | 13,37 $ |
Faits sur la propriété
1 1
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun limités
30/100
Plutôt accessible en vélo
40/100
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99 Robinson St - 99 Robinson St.
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