99 Robinson, Binghamton, NY 13904

Property Description

6-unit value-add with massive rent upside and a rare setup: five vacant units ready for renovation and one occupied at below-market rent. That's nearly the entire building's income waiting to be created, and you're not paying for someone else's stabilized numbers, you're buying the upside itself. Renovate on your own schedule with no tenants to work around, set market rents from day one, and force appreciation across all six units. Uniform mix of six 2-bedroom units (12 beds total) makes the renovation repeatable and leasing simple. The big-ticket exterior item is done, metal roof replaced in the last 5-7 years, so every renovation dollar goes straight into rent-driving interior work. Off-street parking behind the building, walkable location near downtown Binghamton and transit, and deep, consistent 2-bedroom demand. For a renovate-and-hold investor, this is as clean a value-creation story as you'll find in this market.