127 and 129 Susquehanna Street

Investment Overview

Offered for sale as a single investment opportunity, 127 and 129 Susquehanna Street comprise two multifamily buildings totaling 13 residential units. The portfolio includes 11 units at 129 Susquehanna Street and two units at 127 Susquehanna Street, with both properties included in the sale. Many of the units have undergone recent renovations, enhancing their marketability while reducing near-term capital requirements for a new owner. All current rents are significantly below Broome County Fair Market Rents, providing a compelling opportunity to increase rental income and improve net operating income over time. The properties are conveniently located within walking distance of Downtown Binghamton, public transportation, student bus routes, restaurants, employment centers, and everyday amenities. This offering provides investors with immediate operating scale, in-place income, and meaningful value-add potential in a well-positioned urban location. Stabilization to Fair Market Rents would generate an annual NOI of $128,384.

Investment Highlights

• Two-building multifamily investment portfolio
• 13 total residential units
• 11 units at 129 Susquehanna Street
• Two units at 127 Susquehanna Street
• Both properties included in the sale
• Many units have undergone recent renovations
• Current rents are significantly below Broome County Fair Market Rents
• Meaningful opportunity to increase rental income and NOI
• Immediate operating scale with in-place income
• Walking distance to Downtown Binghamton
• Convenient access to public transportation and student bus routes
• Close to restaurants, employment centers, services, and everyday amenities
• Strong value-add opportunity with limited renovation requirements