Crandall Hall Apartments

Investment Overview

Offered for sale is a fully renovated, 100% occupied 24-unit apartment building located on Binghamton’s desirable West Side. The property provides investors with immediate, stabilized cash flow supported by a strong occupancy history and limited near-term capital requirements. Comprehensive improvements include a newer roof with approximately 23 years remaining on its warranty, updated domestic hot-water systems, hallway and in-unit sprinkler systems, high-speed internet infrastructure and an elevator serving the building. Each apartment is separately metered and equipped with electric heat, supporting efficient operations and predictable ownership expenses. Off-street parking and a landscaped outdoor picnic area further enhance the resident experience and support long-term tenant retention. With substantial capital improvements already completed and no immediate deferred-maintenance requirements, 2 Crandall Street represents a turnkey multifamily investment offering durable income and long-term appreciation potential.

Investment Highlights

• Fully renovated 24-unit multifamily property
• 100% occupied with immediate, stabilized cash flow
• Strong historical occupancy and tenant retention
• Limited near-term capital requirements
• Newer roof with approximately 23 years remaining on the warranty
• Updated domestic hot-water systems
• Hallway and in-unit sprinkler systems
• High-speed internet infrastructure
• Elevator serving the building
• Separately metered apartments with electric heat
• Off-street parking for resident convenience
• Landscaped outdoor picnic area
• Desirable West Side location with a Walk Score of 83
• Direct access to public transportation and SUNY bus routes
• Turnkey investment offering durable income and long-term appreciation potential