Description
24 Centenary Street is an 11-unit multifamily property located in downtown Binghamton, New York. The property consists of five studio apartments at $900/month, five one-bedroom apartments at $950/month, and one two-bedroom apartment at $1,000/month. The landlord pays all utilities, which is reflected in the current rent structure and expense profile. The property is currently 100% occupied and fully leased, with all 11 tenants having renewed their leases for an additional one-year term providing an acquiring investor with immediate, stable cash flow and minimal near-term rollover risk.
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7BEDS
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0.04ACRES
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11BATHS
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01/2 BATHS
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6,878SQFT
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$130$/SQFT
Description
24 Centenary Street is an 11-unit multifamily property located in downtown Binghamton, New York. The property consists of five studio apartments at $900/month, five one-bedroom apartments at $950/month, and one two-bedroom apartment at $1,000/month. The landlord pays all utilities, which is reflected in the current rent structure and expense profile. The property is currently 100% occupied and fully leased, with all 11 tenants having renewed their leases for an additional one-year term providing an acquiring investor with immediate, stable cash flow and minimal near-term rollover risk.
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