Investment Property for Sale at 5 Mather Street in Binghamton, New York for $899,000

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5 Mather Street | BINGHAMTON

$899,000 | 15 Beds (15 Full) | 8,556 Sq. Ft.

One of Binghamton's most proven West Side student housing addresses. 5 Mather Street sits in the heart of the R-3 student housing district — steps from Main Street, Downtown, and SUNY bus lines serving Binghamton University directly. Nine units across 8,556 SF with a by-the-room leasing model on three-bedroom units that maximizes per-unit revenue. Six 1-bedroom units and three 3-bedroom units, two boilers, three water heaters, six electric meters, and two sets of in-building laundry in place. Zoned for 12 units with expansion potential already infrastructures for 6 additional bedrooms. On-site maintenance conveying. Strong cap rate. 72-hour advance notice required. Proof of funds or pre-qualification required to schedule. Call listing agent for full offering memorandum. GBAR MLS #335551

Directions to property: Continue on NY-17 E to Binghamton. Take exit 72B from I-86 E 8 min (7.6 mi) Continue on US-11 S/Front St. Drive to Mather St

Contact Information

To inquire about this property, please contact your REALTOR® directly if you are already working with one, or use the contact information provided below to contact the listing agent or brokerage directly. GBAR staff is unable to provide real estate listing information. Please contact one of our REALTOR® members if you need more information about this or any other listing.
Listing Agent Name: 
Keith Arnold
Listing Agent Phone: 
607-651-3369
Listing Agent Email: 
keitharnold [at] howardhanna [dot] com (send a message)
Listing Office Name: 
HOWARD HANNA
Listing Office Phone: 
607-754-2600