223 Hudson StJohnson City, NY 13790

Description

Turnkey student-housing investment generating $31,200 in annual gross rental income and currently leased through 2027, providing immediate cash flow from day one. The existing 4-bedroom, 2-bathroom layout offers additional upside with potential for a 5th bedroom conversion. Fully furnished and designed for students, the property features spacious common areas, generous bedrooms, an enclosed sun porch, stainless steel appliances, first-floor laundry plus additional basement laundry, ample storage, and a functional layout. A detached garage, off-street parking, and backyard add further value. Conveniently located near Binghamton University’s Decker College of Nursing and Health Sciences, BU bus routes, main campus, hospitals, shopping, and Downtown. With established rental income, leases secured through 2027, and potential to increase bedroom count and future revenue, this property offers an attractive opportunity for investors looking to expand their student-housing portfolio.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

TwoStory

Year built

1938

Living area

1,404 Sq Ft

Lot dimensions

40x120

Garage spaces

1

Ownership

OWNER

Days on market

29

MLS^® Listing#

337923

Property Features

Interior

Walk-In Closet(s)

Appliances

Range · Dryer · Dishwasher · Free-Standing Range · Gas Water Heater · Refrigerator · Washer

Cooling

None

Heating

Forced Air

Flooring

Hardwood · Tile · Vinyl

Parking

Driveway · Detached · Garage

Patio

Deck · Enclosed · Porch

Fencing

Fenced

Lot features

Level

Construction

Wood Siding

Sewer

Public Sewer

Water source

Public

Rooms

Schools

Elementary

Johnson City Elementary

Financial Details

Annual taxes

$3,858

Assessed value

$2,800

Directions

Floral to Hudson