27 Morgan St

27 Morgan Street is located on a corner lot in Binghamton, NY, with convenient access to downtown and major highways connecting the Greater Binghamton area. Nearby shopping, dining, services, and employment centers support everyday convenience for residents. The property combines a residential setting with access to urban amenities, while off-street parking and a spacious yard add to its appeal as a rental location.SVN Innovative Commercial Advisors is pleased to present 27 Morgan Street, a two-family investment property offered at $149,900 in Binghamton, NY. Generating $2,100 in current monthly rents, or $25,200 annually, the property offers established rental income and value-add potential. The 2,069-square-foot building features a two-bedroom first-floor apartment and a spacious three-bedroom second-floor apartment, with separate gas and electric meters and laundry hookups. Its approximately 9,955-square-foot corner lot provides ample off-street parking and a large, level, partially fenced backyard. Convenient access to downtown Binghamton and major highways supports tenant accessibility to employment, shopping, dining, and services. With a reported operating cap rate of approximately 9%, existing income, and opportunities to enhance the property through improvements, 27 Morgan Street offers an accessible entry point for investors seeking to establish or expand their multifamily portfolio.