Investment Overview

Marcus & Millichap is pleased to present an opportunity to acquire a large number of units, fully performing, and meticulously upgraded over the past several years. Here are the details: 83 Grand Avenue: Two story, five unit residential building consisting of one and three bedroom apartments- all units have been upgraded and additional income is derived from the laundry. Tenants pay their own separately metered gas & electric. 200 Grand - less than 1 minute down the road from 83 Grand, this location consists of a 1 story, and highly successful, convenience store on a multi year lease. At the rear of the lot is a two story, one bedroom house. Both tenants pay their own separately metered gas & electric. 204 Grand is a three story, corner apartment building with 16 apartments: (8) one and (8) two bedroom units. All but three units have been upgraded and show pride of ownership - Tenants pay their own separately metered gas & electric. Additional income is derived from the laundry. This four building portfolio is only 5 minutes from Binghamton University and a short walk to Binghamton University School of Nursing, School of Pharmacy, the UHS Medical Center. and public transportation. A number of tenants work at the Hospital complex due to it's proximity. Unlike a majority of Binghamton/Johnson City offerings where it will take 2-3 years to turn over and upgrade units, this portfolio offers an investor a turn-key performing portfolio, and a 10.5% (approx) return from day one. Extensive library of location/unit photos available upon request.