27 Morgan St, Binghamton, NY for sale

Investment Overview

SVN Innovative Commercial Advisors is pleased to present 27 Morgan Street, a two-family investment property offered at $149,900 in Binghamton, NY. Generating $2,100 in current monthly rents, or $25,200 annually, the property offers established rental income and value-add potential. The 2,069-square-foot building features a two-bedroom first-floor apartment and a spacious three-bedroom second-floor apartment, with separate gas and electric meters and laundry hookups. Its approximately 9,955-square-foot corner lot provides ample off-street parking and a large, level, partially fenced backyard. Convenient access to downtown Binghamton and major highways supports tenant accessibility to employment, shopping, dining, and services. With a reported operating cap rate of approximately 9%, existing income, and opportunities to enhance the property through improvements, 27 Morgan Street offers an accessible entry point for investors seeking to establish or expand their multifamily portfolio.

Investment Highlights

• - **$149,900 | Two units | 2,069 SF** with two- and three-bedroom apartments
• - **$25,200 annual rental income** and approximately **9% reported operating cap rate**
• - Separate gas/electric meters and laundry hookups
• - Corner lot with ample parking and a large, partially fenced yard
• - Value-add potential with convenient downtown and highway access