23 Stuyvesant St, Binghamton, NY 13901

Property Description

Student housing investment opportunity in Downtown Binghamton! Generating $2,600 per month in rental income ($31,200 annually), this fully occupied property is leased to a student group through 2027, offering immediate rental income and established tenancy. Currently utilized as a single student rental, the property offers the potential to convert back to a traditional duplex, providing flexibility for future rental strategies. The spacious layout features multiple bedrooms, two living rooms, a large eat-in kitchen, covered front and rear porches, driveway parking, and backyard space. A new roof installed in 2023 adds value and helps reduce near-term capital expenses. Conveniently located near public transportation, dining, shopping, entertainment, and access to Binghamton University. For investors looking to expand their holdings, this property can also be purchased alongside 21, 26, and 27 Stuyvesant St., creating an opportunity to build a larger housing portfolio!