59 Grand Ave
- 20 total multifamily units across two properties
- 100% one-bedroom apartment mix
- Fully occupied with strong occupancy history
- Significant renovations and property improvements completed
- Stable in-place cash flow
- Brick construction with strong curb appeal
- Located in established Johnson City and Binghamton rental corridors
- Convenient access to healthcare, Downtown Binghamton, retail, and public transportation
Property Description
Offered for sale is a 20-unit multifamily portfolio consisting of 59 Grand Avenue in Johnson City and 7 Tremont Avenue in Binghamton. The portfolio is comprised entirely of one-bedroom apartments and is currently fully occupied, reflecting strong occupancy history and stable tenant demand across both assets. Both properties have benefited from substantial renovations and ongoing improvements, allowing investors to acquire stabilized multifamily assets with limited near-term capital requirements. Priced at approximately $69,950 per unit, the portfolio presents an attractive opportunity to acquire scale, dependable cash flow, and operational efficiency within two established Southern Tier rental markets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,360,000 |
| No. of Units: | 20 |
| Year Built: | 1970 |
| Lot Size: | 0.20 Acres |
| Opportunity Zone: | No |
| Price per unit: | $68,000 |
| Property Website | Click Here |
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