A Unique Investment Opportunity!
This fully updated, 14-unit apartment building in the heart of Johnson City features private bathrooms in every unit, making it a prime location for tenants. Just a 5-minute walk to Binghamton University’s College of Pharmacy, Decker College of Nursing, and UHS Wilson Medical Center, this property is a great fit for students, faculty, and healthcare professionals.
Why Buy This Property?
Unbeatable Location: Steps from two colleges and UHS Medical Center (280-bed hospital with a new addition).
Entertainment & Amenities Nearby: Walk to The Schorr Family Firehouse Stage, coffee shops, diners, and Main Street shopping.
Easy Transportation: Located one block from the Floral Avenue main bus line.
High Rental Demand: With proximity to schools and a major hospital, there is strong, ongoing demand for rental units in this area.
Proven Occupancy Rates: Low vacancy history due to high tenant interest.
Income Potential: Current rental rates and occupancy make this property a strong source of income. Contact us for details on the annual gross income and projected returns.
Opportunity for Growth: Space to add potential amenities, such as laundry facilities or storage units, to increase future revenue.
Building Features
Flexible Layouts: Select units feature bonus rooms and private staircases for added living space.
Private Backyard: A well-maintained outdoor area for tenants to enjoy.
Street Parking Available: Convenient for tenants and their visitors.
Building Renovations: New roof (5 years old), water heater (1 year old), and dual heating systems (in attic and downstairs) for efficient heating control.
Modernized Units: Upgraded kitchens with new cabinets, flooring, sinks, and light fixtures, plus water-saving showerheads and toilets in all renovated units.
Enhanced Common Areas: Newly painted hallways, updated flooring, LED lighting, and secure keyless entry for added safety.
Sustainable & Energy-Efficient
Energy-Saving Fixtures: LED lighting in common areas and water-saving fixtures in each unit help to reduce utility costs.
Hassle-Free Utilities
Owner covers heat, electricity, and water/sewer—making it simple for tenants with just one monthly payment.
Neighborhood Improvements
Grand Avenue has recently been repaved, with updated sidewalks and a main sewer line replacement. Additional community improvements are underway, adding long-term value to this location.
Don’t Miss Out!
With consistent rental demand, updated amenities, and a location near schools, hospitals, and entertainment, this property is an ideal investment. Contact us today to schedule a tour and explore this prime real estate opportunity in person!
Alfa Realty Inc (917)517-0513