12.5 Franklin St, Binghamton, NY 13905

Property Description

12.5 Franklin Street offers a strong value-add opportunity in a desirable location. The property features two vacant units, giving the next owner immediate access to begin renovations without having to coordinate around existing tenants. While the property needs some TLC, the vacancy provides a clean path to improve the units, increase their rental potential, and place tenants of the new owner’s choosing. The property also benefits from low taxes and separate utilities, helping keep operating expenses more manageable and making it even more attractive to investors. This is a solid opportunity for an owner looking to add value and create a stronger-performing rental property.