Turnkey Multifamily Investment | Strong Cash Flow | 12.79% Cap Rate | Fully Renovated & Stabilized

Investment Overview

25 Virgil Street is a fully renovated, stabilized multifamily investment property offering immediate cash flow. The property generates a Net Operating Income (NOI) of $30,045.50 at a 12.79% capitalization rate, providing attractive in-place returns. For owner-operators or self-managing investors, NOI increases to approximately $32,411, resulting in an estimated 13.8% cap rate. All units have been fully renovated, are 100% occupied, and produce proven, stable rental income. Electric heat throughout the building, separately metered utilities, and low-maintenance systems help reduce operating expenses while simplifying property management. The property also offers future rental upside as market rents continue to grow. Whether you're expanding your multifamily portfolio, completing a 1031 exchange, or seeking a high-yield, turnkey investment property with immediate cash flow, 25 Virgil Street presents an outstanding opportunity to acquire a well-maintained, income-producing asset in the growing Binghamton market.

Investment Highlights

• • Strong In-Place Cash Flow: Stabilized, fully occupied multifamily investment generating $30,045.50 NOI at a 12.79% cap rate, with potential to increase to an estimated 13.8% cap rate through self-management.
• • Turnkey Investment: All units have been fully renovated and are separately metered with electric heat, providing low-maintenance operations, reduced utility expenses, and immediate rental income from day one.
• • Prime Rental Location: Minutes from Binghamton University, Downtown Binghamton, major hospitals, public transportation, shopping, and major employers, supporting strong rental demand from students, healthcare professionals, and the local workforce.