2 Crandall St
- 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
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 24 |
| Year Built: | 1964 |
| Lot Size: | 0.28 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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