25 Virgil, Binghamton, NY 13901

Property Description

Welcome to 25 Virgil Street, a cash-flowing investment property in the heart of Binghamton, NY. Located just minutes from BU, downtown amenities, restaurants, shopping, and public transportation, this property offers strong rental potential and accessibility. The building features a Net Operating Income of $30,045.50 and is priced at a 12.79% capitalization rate, delivering solid, hands-free income for investors. Self-managed, NOI rises to roughly $32,411, pushing the cap rate to nearly 13.8% for hands-on buyers. All units are fully renovated and leased, and the property is fully stabilized with a proven, strong cash flow. The building also features electric heat in all units, helping to reduce operating expenses and simplify management. With separate electric meters and efficient utilities, this building is designed for minimal hassle. With the potential for future rent growth, this is a great opportunity for investors looking to acquire a stabilized, strong cash-flowing asset.