75.5 Pine St Binghamton, NY 13901

Back on the market, no fault of the property. We have an inspection report, a list of repairs, and an appraisal report. The property was appraised for 290,000. This stabilized, cash-flowing 5-unit property delivers a Net Operating Income of $33,769.50 and is priced at a 12.1% cap, offering strong, immediate returns for investors seeking hands-off, reliable income. Featuring 6 electric meters and 5 gas meters, the building’s utilities are set up for efficiency and minimal management hassle. Located just minutes from Downtown Binghamton, with easy access to Binghamton University, major hospitals, and public transportation, the property attracts long-term, dependable tenants, including students, professionals, and medical staff, ensuring consistent occupancy. A turnkey, low-maintenance investment with strong cash flow, prime location, and a proven track record — perfect for investors who want real, hands-free income from day one and a property that performs without guesswork.