32 Broome St
- Separate utilities paid by tenants
- 6 units offering stable rental income from day 1
- Constructed in 1975 with enduring structural integrity
- Zoned R-3 for flexible usage and development potential (approved for students as well)
- Full occupancy to long term tenants, providing immediate income generation opportunity
Property Description
Welcome to 32 Broome Street in Binghamton, NY, a turnkey, fully occupied six-unit multifamily investment with recent renovations, rents near market levels, and separate utilities. Built in 1975 and situated in an R-3 zone, this well-maintained 5,824 SF property features six 2-bedroom, 1-bath apartments and a strong rental history. Additionally, it is in the student housing district and approved for student housing. The efficient utility setup includes 7 electric meters and 7 gas meters, allowing tenants to pay their own gas and electric while the owner is responsible only for common-area utilities. Additional highlights include ample off-street parking, private rear balconies, and coin-operated laundry in the basement for added income potential. The basement also offers high ceilings and a solid concrete foundation, providing useful storage and utility space. Conveniently located near bus lines, shopping, restaurants, and everyday amenities, 32 Broome Street offers stable in-place income, efficient operations, and a well-maintained asset for an investor looking to start or expand their portfolio. Schedule your showing today!
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $544,900 |
| No. of Units: | 6 |
| Average Occupancy: | 10 |
| Year Built: | 1975 |
| Lot Size: | 0.27 Acres |
| Opportunity Zone: | No |
| Price per unit: | $90,817 |
| Property Website | Click Here |
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