26 Fayette Street, Binghamton, NY for sale

Investment Overview

Excellent investment opportunity featuring three spacious apartments in a convenient Binghamton location. Situated within walking distance of public transportation, shopping, restaurants, and major employers, this property offers strong appeal to tenants. The building includes a large 4-bedroom apartment on the first floor, a second large 4-bedroom apartment on the second floor, and a massive studio apartment on the third floor. The second-floor unit was recently vacated and is currently available for lease, providing an opportunity to increase rents or select a new tenant. The property has a strong rental history, generous unit sizes, and consistent demand, making it an attractive option for both new and experienced investors seeking immediate income potential with upside through lease-up of the vacant unit.

Investment Highlights

• Strong Cash Flow with Upside Potential – Proven rental history featuring two spacious 4-bedroom apartments and a massive studio apartment. The recently vacated second-floor unit is ready for lease-up, providing immediate value-add and income growth opportunities.
• Prime Walkable Location – Situated within walking distance of public transportation, shopping, restaurants, and major employers, offering tenants convenience and supporting strong rental demand across multiple renter demographics.
• Large Units, Durable Construction & Easy Ownership – Tenant-friendly floor plans, well-lit living spaces, durable finishes, maintained mechanical systems, on-site laundry, and solid exterior construction combine to create an income-producing asset with manageable operating costs and long-term investment appeal.