288 Robinson Street, Binghamton, NY for sale

288 Robinson Street, Binghamton, NY 13904

Accepting Offers
288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale288 Robinson Street, Binghamton, NY for sale
Asking Price

$350,000

288 Robinson Street, Binghamton, NY for sale

288 Robinson Street, Binghamton, NY 13904

Asset Type: Real Estate

Estate: Leasehold

Number of Units: 5

Property Type: Multifamily

Occupancy %: 100

Property Size: 3,600 SF

Investment Highlights

  • 5-unit property consisting of 4 apartments plus an attached single-family-style unit
  • Value-add opportunity with upside through rent increases and operational improvements
  • Corner lot location on Binghamton's desirable East Side
  • 4 garages with 2 currently rented for additional income
  • Coin-operated laundry in the basement provides extra revenue potential
  • Major updates include metal roof, shingle roof section, garage roof, blown-in insulation, and many newer windows
  • Separate electric meters for the main building and separate electric/gas meters for the attached unit, helping reduce owner expenses

Offering Summary

Investor opportunity on Binghamton's East Side. This well-maintained 5-unit property features four apartments in the main building plus an attached single-family-style unit, offering a unique and attractive layout for tenants. Situated on a corner lot, the property includes 4 garages with 2 currently generating additional rental income. The property also features a coin-operated laundry area in the basement, providing added convenience for tenants and an additional income stream for ownership. Major capital improvements have already been completed, including a metal roof (approx. 16 years old) and a shingle roof section on the main building (approx. 8 years old), as well as the garage roof (approx. 8 years old). Additional updates include new blown-in insulation, many newer windows, and a well-maintained combi boiler serving the main building. The property features separate electric meters for the main structure, along with separate electric and gas meters for the attached single-family-style unit. Pride of ownership is evident throughout this property. A strong addition to any investment portfolio, offering stable income, additional garage revenue, laundry income, and long-term upside in a desirable East Side Binghamton location.

Sale FAQs

Investment Sales Broker

Lisberto Calvo

Lisberto Calvo

SVN | Innovative Commercial Advisors

Phone: XXXXXXXXXX

Email: XXXXXXXXXXXXXXXXXXXXXX

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