Home Details for 49 & 51 Park Avenue

AUCTION: 11-unit multifamily investment opportunity in Binghamton's South Side offered at auction, with bidding starting at $250,000 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 apts and two 1-bedroom apts. Located within walking distance of UHS and just a 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 immediate income and significant upside, making it an excellent opportunity for investors seeking long-term and cash flow long term.

• Cooling Information

  • None

• Heating Information

  • Baseboard

• Water Features

  • Public

• Utilities

  • Cable Available

• Parking

  • Driveway