Investment Overview
3 Arthur Street is a fully occupied, turnkey triplex featuring a spacious 3-bedroom apartment and two renovated 1-bedroom units. All apartments have been updated with modern finishes and are fully leased, providing immediate cash flow with minimal maintenance. Located in Binghamton's highly desirable West Side, just minutes from Binghamton University and Downtown, the property benefits from consistent demand from students and young professionals. Strong in-place income, stable occupancy, and future rent growth potential make this an exceptional opportunity for investors seeking a low-maintenance, income-producing multifamily asset, whether expanding a portfolio or completing a 1031 exchange.
Investment Highlights
- • Turnkey, Income-Producing Asset: Fully occupied triplex featuring one spacious 3-bedroom unit and two renovated 1-bedroom apartments,
- • Prime West Side Location: Situated in one of Binghamton's most desirable rental markets, just minutes from Binghamton University, Downtown, major employers, Interstate 81, restaurants, shopping, and public transportation, driving consistent tenant demand.
- • Strong Investment Fundamentals: Stabilized rental income, high occupancy, and future rent growth potential make this an ideal acquisition for investors seeking to expand a multifamily portfolio or complete a 1031 exchange.