50 Exchange, Binghamton, NY 13901

Property Description

50 Exchange Street, Binghamton, NY - Six-Unit Student Housing Investment Turnkey, fully occupied student housing investment in Downtown Binghamton featuring six furnished apartments, 21 bedrooms, and dedicated off-street parking. The property consists of three 3-bedroom, 2-bathroom apartments and three 4-bedroom, 2-bathroom apartments. Each unit includes separately metered utilities, an in-unit washer and dryer, and furnishings included in the sale. The offering also includes a dedicated parking lot located at 12 Lisle Street. With the property currently 100% occupied, the investment provides established rental income and additional upside through below-market rents. Recent improvements include a roof replacement completed in 2019, solar panels, and three new furnaces. An attractive turnkey student housing opportunity with strong occupancy, desirable amenities, dedicated parking, and meaningful potential for future income growth through rent increases.