101 Pennsylvania Avenue, Binghamton, NY for sale

Investment Overview

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!

Investment Highlights

• Turnkey investment
• Fully furnished
• Ready to move tenants in immediately
• All 1-bedroom apartments
• Close to amenities and hospital
• Long term or short term rental options
• Large Capital Upgrades completed
• New furnaces, water heaters, roof, electrical