47 Carroll St, Binghamton, NY 13901

Property Description

Exceptional mixed-use investment opportunity in Downtown Binghamton with approximately $162,000 in potential annual gross rental income based on historical rents of $750 per bedroom! This 8,400 sq. ft., four-story brick building features six fully furnished apartments totaling 18 bedrooms and 6 full bathrooms, plus 2,100 sq. ft. of commercial space with a kitchen and two half bathrooms. The commercial space offers additional income potential through leasing or possible residential conversion. Features include central air, in-unit laundry, stainless steel appliances, hardwood floors, covered porches, keyless entry, security cameras, and separate utilities. Located across from City Park near Binghamton University, public transportation, dining, shopping, and entertainment. Lots across the street are available for purchase, offering potential parking for 40+ vehicles. An opportunity to acquire a mixed-use asset with multiple revenue streams and future growth potential!