49 & 51 Park Avenue | BINGHAMTON
11-unit multifamily investment opportunity in Binghamton’s South Side. Comprised of two well-maintained buildings at 49 and 51 Park Avenue, the property offers strong in-place occupancy, professional management, and immediate cash flow in a highly convenient location. The complex includes 5 units at 49 Park Avenue and 6 units at 51 Park Avenue, with a unit mix of nine 2-bedroom apartments and two 1-bedroom apartments. Located within walking distance of UHS and just a short half-mile from Downtown Binghamton, the property is well positioned to attract and retain tenants seeking proximity to employment, healthcare, and downtown amenities. Current rents are below Broome County Fair Market Rent, creating a meaningful opportunity for future rental growth. This offering represents a rare turnkey investment with upside. Priced to sell at an 8.86% cap rate, it is an excellent opportunity for an investor seeking stable returns and long-term value. GBAR MLS #335621
Directions to property: Vestal Ave to Park Ave. On same block as UHS.
