25 Virgil St, Binghamton, NY for sale

25 Virgil St, Binghamton, NY 13901

Accepting Offers
25 Virgil St, Binghamton, NY for sale25 Virgil St, Binghamton, NY for sale25 Virgil St, Binghamton, NY for sale25 Virgil St, Binghamton, NY for sale
Asking Price

$235,000

25 Virgil St, Binghamton, NY for sale

25 Virgil St, Binghamton, NY 13901

Asset Type: Real Estate

Estate: Fee Simple

Year Built: 1950

Number of Floors: 2

Property Size: 2,476 SF

Property Type: Multifamily

Occupancy %: 80

Land Area: 0.1 Acres

Number of Units: 5

Investment Highlights

  • • Strong In-Place Cash Flow: Stabilized, fully occupied multifamily investment generating $30,045.50 NOI at a 12.79% cap rate, with potential to increase to an estimated 13.8% cap rate through self-management.
  • • Turnkey Investment: All units have been fully renovated and are separately metered with electric heat, providing low-maintenance operations, reduced utility expenses, and immediate rental income from day one.
  • • Prime Rental Location: Minutes from Binghamton University, Downtown Binghamton, major hospitals, public transportation, shopping, and major employers, supporting strong rental demand from students, healthcare professionals, and the local workforce.

Turnkey Multifamily Investment | Strong Cash Flow | 12.79% Cap Rate | Fully Renovated & Stabilized

25 Virgil Street is a fully renovated, stabilized multifamily investment property offering immediate cash flow. The property generates a Net Operating Income (NOI) of $30,045.50 at a 12.79% capitalization rate, providing attractive in-place returns. For owner-operators or self-managing investors, NOI increases to approximately $32,411, resulting in an estimated 13.8% cap rate. All units have been fully renovated, are 100% occupied, and produce proven, stable rental income. Electric heat throughout the building, separately metered utilities, and low-maintenance systems help reduce operating expenses while simplifying property management. The property also offers future rental upside as market rents continue to grow. Whether you're expanding your multifamily portfolio, completing a 1031 exchange, or seeking a high-yield, turnkey investment property with immediate cash flow, 25 Virgil Street presents an outstanding opportunity to acquire a well-maintained, income-producing asset in the growing Binghamton market.

Sale FAQs

Investment Sales Broker

Vincent Lucenti

Vincent Lucenti

SVN | Innovative Commercial Advisors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXXX

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