74 Carroll St
- Three-building mixed-use portfolio in Downtown Binghamton
- 36 total student housing beds across 74 Carroll Street and 29-31 Court Street
- Diversified income stream from residential and commercial tenants
- Ground-floor retail space positioned in a high-traffic downtown location
- Located near approximately 1,300 existing student housing beds
- Walk Score of 90 at 29-31 Court Street
- Daily traffic count of 5,391 vehicles along Court Street
- Recently executed three-year commercial lease at 74 Carroll Street
- Secure coded access systems at both building and unit levels at 74 Carroll Street
- Off-street parking and larger parcel size provide a competitive advantage in the downtown market
Property Description
This offering presents the opportunity to acquire three strategically located mixed-use buildings in Downtown Binghamton's most active student housing and entertainment district. The portfolio combines stable residential income, street-level commercial tenancy, and strong long-term demand drivers, creating a diversified investment opportunity in one of the region's most established rental markets. 74 Carroll Street consists of a 13,020 SF mixed-use property featuring five residential units totaling 25 student beds above commercial space. The residential units offer desirable layouts with multiple bathrooms, loft-style configurations, updated finishes, and secure coded access at both the building and unit levels. A recently executed commercial lease provides additional income stability, while off-street parking and a larger parcel size offer advantages rarely found in Downtown Binghamton. 29 and 31 Court Street are prominently positioned along one of Binghamton's most active downtown blocks, just steps from Water Street and surrounded by approximately 1,300 student beds. The properties feature ground-floor retail space with student housing above and benefit from exceptional walkability, consistent pedestrian traffic, and proximity to restaurants, nightlife, retail, and university transportation routes. Together, the portfolio offers a blend of stabilized income, strong location fundamentals, and exposure to Binghamton's growing student housing market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| No. of Units: | 7 |
| Year Built: | 1970 |
| Lot Size: | 0.57 Acres |
| Opportunity Zone: | No |
| Price per unit: | $321,429 |
| Property Website | Click Here |
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